DoorDash to Acquire Instacart to Help Local Stores Win
Business Wire•29/10/2026•07:15 ET
0
Key Highlights
- ➤DoorDash (DASH) to acquire Instacart (CART) for approximately $17 billion equity value
- ➤Instacart transaction price $65.00 per share, a 26% premium
- ➤At least 75% of consideration will be cash; DoorDash stock capped at 25%
- ➤Deal expected to close by end-2027 or first half of 2028, pending approvals
- ➤Instacart stockholders owning about 19% agreed to vote for the transaction
Expert Statements
Tony Xu, Co-founder and CEO of DoorDash
“Grocery is one of the hardest things to get right online. Someone has to pick a ripe avocado, find a substitute you’d choose yourself, and get the ice cream to you before it melts.”
Tony Xu, Co-founder and CEO of DoorDash
“Instacart has spent years learning to do that well for grocers, while DoorDash has built a delivery network and technology that local stores rely on every day. Together, we could give stores of every size more of those tools and unlock the potential of grocery delivery. It’s still early innings, but we know that when more people shop local, more dollars stay local.”
Chris Rogers, CEO of Instacart
“Over the last 14 years, Instacart has transformed online grocery by helping retailers of all sizes compete and grow, and joining forces with DoorDash allows us to do even more.”
Chris Rogers, CEO of Instacart
“When our purpose-built grocery technology and trusted retailer and brand relationships are combined with DoorDash’s global consumer reach and logistics capabilities, we can create new opportunities for our retail and brand partners, offer an even better experience for customers and shoppers, and deliver compelling value for our shareholders. Together, we can accelerate innovation across the grocery industry and make online grocery more seamless and affordable for the millions of households we serve.”
* Transaction values Instacart at $65.00 per share, representing a 26% premium to Instacart's closing price on October 22, 2026
* Together, DoorDash and Instacart would help stores of every size reach more customers with the kinds of innovative technology that the biggest online retailers and grocers build for themselves
Get started
Create a free account to read the full story.