Recent Updates — CART
DoorDash, Inc. entered into a definitive merger agreement to acquire Maplebear Inc., the parent company of Instacart, in an all-cash or stock transaction valued at $65.00 per share, representing an equity value of approximately $17 billion. The consideration allows shareholders to elect cash, DoorDash common stock (0.3372 shares), or a mixed election ($48.75 plus 0.0843 shares), subject to proration ensuring no more than 25% of the aggregate consideration is paid in stock. The transaction requires approval by Maplebear's stockholders and regulatory clearance, including under the Hart-Scott-Rodino Act, with a target closing date in late 2027 or early 2028. Major shareholders holding approximately 19% have agreed to vote in favor of the deal. Maplebear Inc. operates as a leading grocery technology company that partners with retailers to power ecommerce, fulfillment, and advertising solutions.
Maplebear Inc. (Instacart) entered into a definitive agreement to be acquired by DoorDash, Inc. in a cash-and-stock transaction valuing the company at an equity value of approximately $17 billion. Concurrently, Maplebear reported third-quarter 2026 financial results showing total revenue grew 17% year-over-year to $1,095 million and GAAP net income reached $147 million. Gross Transaction Value (GTV) increased 15% to $10,528 million, while Adjusted EBITDA rose 23% to $342 million. The company also announced the cancellation of its scheduled earnings conference call and the suspension of financial guidance pending the transaction's completion. Maplebear Inc. operates a leading grocery technology platform that partners with retailers to power ecommerce, fulfillment, and advertising services.
On October 25, 2026, Maplebear Inc. announced the decision to wind down its Caper Cart business unit to realign resources with strategic priorities. The company anticipates recording pre-tax restructuring charges between $55 million and $80 million, primarily in the fourth quarter of 2026. These costs include approximately $21 million to $36 million for contractual terminations, $22 million to $27 million for long-lived asset impairments, and $12 million to $17 million for employee termination expenses. The wind-down is expected to be substantially completed by the end of the second quarter of 2027, with $30 million to $50 million in future cash expenditures. Maplebear Inc. operates a grocery delivery platform.
Maplebear Inc., operating as Instacart, reported financial results for the second quarter ended June 30, 2026. Gross Transaction Value (GTV) reached $10,351 million, a 14% increase year-over-year, while total revenue grew 14% to $1,043 million. GAAP net income was $111 million, down 4% from the prior year period, and Adjusted EBITDA rose 19% to $313 million. The company repurchased $325 million in shares during the quarter and holds $1 billion in cash. Management provided Q3 2026 guidance projecting GTV between $10,300 million and $10,550 million and Adjusted EBITDA between $320 million and $340 million. Maplebear Inc. is a leading grocery technology company that partners with retailers to power ecommerce, fulfillment, in-store technology, AI offerings, and advertising.