DoorDash acquires Instacart in $17 billion delivery service merger
The deal combines the two largest grocery delivery platforms in the US.
Read the full story on Engadget.
The deal combines the two largest grocery delivery platforms in the US.
Read the full story on Engadget.
The acquisition would bring two major players in on-demand delivery under one roof, combining DoorDash’s dominance in restaurant takeout with Instacart’s reach in grocery delivery.
DoorDash has agreed to buy grocery delivery rival Instacart in a cash-and-stock deal valuing the company at about $17bn. The acquisition would bring two of the biggest US delivery platforms under one roof, expanding DoorDash’s reach in grocery shopping. The companies announced the deal on Thursday.
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The massive deal would help DoorDash better compete in the growing grocery delivery market.
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