DoorDash agrees to buy Instacart in $17 billion grocery-delivery deal
DoorDash and Instacart have reached an agreement valuing Instacart at about $17 billion, subject to investor and regulatory approval.
By StoryBreak
Published October 29, 2026 at 9:01 AM EDT
DoorDash and Instacart announced an agreement on October 29, 2026, that would bring the grocery-delivery company under DoorDash’s ownership at an equity valuation of roughly $17 billion.
Under the proposed terms, Instacart investors would receive $65 per share in cash, DoorDash shares, or a mix of both. Cash would make up at least three-quarters of the total consideration.
Instacart’s board approved the deal unanimously. The transaction still needs approval from Instacart stockholders and regulators, with completion projected for late 2027 or the first six months of 2028.
DoorDash already has a grocery-delivery operation, while Instacart runs a grocery marketplace and works with retailers. The combination would increase DoorDash’s reach in online grocery, where Amazon, Walmart, Uber and other delivery services are also competitors.
DoorDash expects Instacart to continue operating under its existing name, with its enterprise technology offerings and app remaining in place after the deal closes. The announcement came after reports that Instacart had explored a possible sale involving Uber and DoorDash.
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