USX:CART - Maplebear Inc Maplebear Inc. Common Stock
Sector: Consumer Discretionary, Industry: Internet & Direct Marketing Retail
Next Earnings: 22 Aug 2024
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USD 32.37    -0.23 (-0.71%)

24 May 2024


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General

IPO: 2023-09-19

Headquarters: US

Employees: 0

Description

Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The firm partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart’s ubiquitous platform. Once an item is ordered through Instacart’s site, the item is picked and delivered to the customer’s home by one of the platform’s 600,000 shoppers, who are classified as independent contractors. Instacart collects fees based on average order value and leverages its platform’s high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has nearly 8 million monthly active users (or orderers) on its platform.

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