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DoorDash Agrees to Buy Instacart for $17 Billion

By Drooid · Oct 29, 2026 · How we work

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Summary

DoorDash Inc. agreed to acquire Instacart for about $17 billion.
The deal values Instacart at $65 per share, a 26% premium to its Oct 22 closing price.
DoorDash will fund the purchase with cash on hand and JPMorgan Chase debt, targeting investment-grade ratings.
DoorDash shares rose about 8% while Instacart shares fell roughly 2% after the announcement.

History

Amazon, founded in 1994 and public since 1997, shifted from books to logistics and began buying tech firms in the 2010s. After Whole Foods reported falling sales in early 2017, Amazon bought the grocery chain for $13.7 billion on June 16 2017, adding roughly 400 stores and linking its online delivery network to brick-and-mortar retail. The deal follows earlier antitrust scrutiny of Whole Foods’ 2007 Wild Oats merger.

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Amazon, founded in 1994 and public since 1997, shifted from books to logistics and began buying tech firms in the 2010s. After Whole Foods reported falling sales in early 2017, Amazon bought the grocery chain for $13.7 billion on June 16 2017, adding roughly 400 stores and linking its online delivery network to brick-and-mortar retail. The deal follows earlier antitrust scrutiny of Whole Foods’ 2007 Wild Oats merger.

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