CART
NASDAQ · Consumer Cyclical · Specialty Retail · US
Maplebear Inc. (NASDAQ:CART), operating under the brand name Instacart, is a leading North American online grocery delivery platform founded in 2012 by Apoorva Mehta in San Francisco, California. The company went public in September 2023, marking one of the most significant technology IPOs of that year. Instacart has evolved from a simple grocery delivery service into a comprehensive retail technology platform that serves both consumers seeking convenient grocery shopping and retailers looking to expand their digital presence. The company connects millions of customers with personal shoppers who fulfill orders from a vast network of retail partners, while also providing advertising and enterprise technology solutions to help retailers compete in the digital economy.