INSTACART IN PLAY: Grocery Delivery Giant Explores Sale to Uber, DoorDash...

Instacart, the grocery delivery service that went public last year, is exploring a sale after valuation pressures hit the sector. With an estimated value around $12 billion, the company is weighing offers from competitors including Uber and DoorDash, both of which have expanded aggressively into food and goods delivery. A sale would mark a major consolidation in a market where rapid growth in the early 2020s gave way to profitability demands and investor skepticism about the unit economics of delivery.