Instacart Financial Performance: Revenue, Expenses, and Profits

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The COVID-19 pandemic is driving a surge in demand for online grocery delivery services, benefiting Instacart's business;
Instacart first becomes profitable, reportedly in April;
The company raises $225 million in a financing round, valuing itself at $13.7 billion.
2021:

Instacart acquires e-commerce platform Unata to boost its digital shopping capabilities;
The company raises $265 million in a funding round, raising its valuation to $39 billion;
Instacart files for an initial public offering (IPO), but postpones plan amid market volatility.
2022:

The company lowered its internal valuation to $10 billion amid widespread market germany phone number data volatility and uncertainty surrounding many technology startups;
The company also further postponed its plans for an IPO due to the unfavorable market environment.
2023:

The company's valuations improved to $13 billion despite solid growth in terms of gross transaction volume, revenue and gross profit.

Instacart has seen strong growth in terms of gross sales, with the company posting grocery sales of $26 billion and $30.60 billion in 2021 and 2022, respectively.