Pre-IPO Profile: Instacart

Company: Instacart

Founded: 2012

Total Funding to Date: $275 mm

Investors:

  • Andreessen Horowitz
  • Canaan Partners
  • FundersClub
  • Khosla Ventures
  • Kleiner Perkins Caufield & Byers
  • Sequoia Capital
  • Y Combinator

Key People:

  • Apoorva Mehta, Co-Founder & CEO
  • Max Mullen, Co-Founder
  • Brandon Leonardo, Co-Founder

Description: Instacart uses personal shoppers to pick up customers’ groceries from multiple local stores and deliver them in roughly an hour. The service is often less expensive for consumers than a personal, time-consuming trip to the grocery store. It offers delivery at $5.99 for one-hour delivery, $3.99 for two-hour delivery, or Instacart Express, a grocery delivery membership for $99 per year. Currently, Instacart has a presence in 15 major cities in the United States.

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