Unicorn with grocery delivery Instagram filed privately to become public yesterday and long awaited event for a well-known private company. In the days of its launch, Instacart attracted huge amounts of capital and grew rapidly. When the pandemic came Instacart business picks up pace as the demand for his services reached a climax.
The last year has been less kind. Growth slowed down as Instacart endured a year of revenue growth driven by COVID-19 and more people staying home and ordering. That Instacart retained some of that 2020 energy and managed to grow last year is something of a feat.
However, the company was not valued during recent venture capital rounds given the slowdown in growth, which resulted in Instacart revalues itself at the beginning of the year. This action helped clear the way for more employee-friendly rewards and change expectations for its closure.
This exit is now before us. We are missing a formal S-1 company registration because Instacart has taken the “file privately before submitting it publicly to become public” route. But as we are now on the cusp of a possible Instacart IPO, let’s wrap up the company’s latest news and ask a few questions.
The key questions we have ahead of Instacart’s debut are about its growth, economy, and revenue structure. As you can see, they are interconnected.
Credit: techcrunch.com /