Instacart, founded in June 2012 by Apoorva Mehta, Max Mullen, and Brandon Leonardo, is a leading online grocery delivery and pickup service in North America. The company offers same-day delivery and pickup services, providing fresh groceries and everyday essentials to customers across the U.S. and Canada. Instacart partners with major retailers like Safeway, Costco, and Walmart, allowing users to select items from their favorite stores and receive them in as fast as an hour.
Instacart has significantly impacted the e-commerce and retail industries, becoming an essential service for millions of families and a flexible earnings opportunity for hundreds of thousands of shoppers. The company is publicly traded on Nasdaq under the symbol CART and is a component of the Russell 1000 index. Despite reporting a revenue of $3.04 billion in 2023, Instacart faced operating and net losses of $2.1 billion and $1.6 billion, respectively. Key people include CEO Fidji Simo, who has been instrumental in driving the company's growth and innovation.
