Business Insider just took a hard jab at former Instacart CEO, and while doing it they just so happened to throw out that Instacart was looking at a public listing “at least at $50 Billion”. This number seems reasonable but this is the first time in a while any reputable publication has tried to associate a new valuation to the company. Thoughts?
Not sure about labeling BI as reputable, I always considered it as a tech tabloid.
Bi is absolute trash
Pretty sure that 50b value was stolen from the Reuters article* from early March. Idk if we are worth more or less than that but BI in general is a trash news source. * https://www.reuters.com/article/us-instacart-directlisting-exclusive-idUSKBN2AX13F
Does this mean it's too late to join? Going IPO soon?
The goal of a 50b valuation doesn't surprise me considering last VC raise was at 40b. To be honest I would not expect Instacart to IPO if they didn't think they would have a better valuation since the last round and anything less than 50b would be a hard sell to the current VC investors. The real question is whether financials support a 50b valuation and that's something we'll only really know when S-1 gets filed.
Here’s my big question. With the new CEO joining on Monday are they going to file within August while would allow them to ipo in October-ish timeframe. If not I think it’s 2022.
I realized I am biased working for DD, but DD hovers around a 50B valuation and we are the number 1 food delivery app by a wide margin, we are getting into Instacart’s grocery business, and launching in other countries like Japan and Germany. How can Instacart have a similar valuation when DD barely got it?
Grocery is a different business line. Why does Airbnb have a bigger valuation than Uber when it’s just a booking.com clone?
My point is DD and Uber will take some of Instacart’s core business. We already partnered with the 2nd largest grocery (Albertson’s) and Uber launched a pilot in TX with Costco. I would understand the valuation of Instacart was the only online grocery in town.
IC may worth 50b but that will be it. Two things I don’t see it as sign of unlimited potential: 1) hired CEO 2) getting into ads only one year of good growth. Check out when Amazon gets into ads
hmmm, Instacart got into ads 3 years ago. The growth rate before covid is also significant. Fidji was a board member before becoming the ceo. She knew the numbers and future potential as a board member, and chose to join IC as ceo because she believes the growth in the future
Lol, can you explain how those are the best signs of company potential?
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