DoorDash Agrees to Buy Instacart in $17 Billion Grocery-Delivery Deal
The companies agreed to a $65-per-share transaction that would combine DoorDash's delivery network with Instacart's grocery technology, subject to shareholder and regulatory approvals.
DoorDash has agreed to acquire Instacart in a transaction valuing the US grocery-delivery platform at approximately $17 billion, the two companies announced on Thursday, 29 October 2026. The proposed consideration is $65 per Instacart share, a 26% premium to the closing price on 22 October, before public reports of a possible deal.
The agreement provides for at least 75% of the aggregate consideration to be paid in cash, with Instacart shareholders offered elections involving cash, DoorDash stock or a combination. The stock component is capped at 25% of the overall transaction consideration. Instacart's board has approved the agreement, but the transaction has not closed.
The companies expect completion in late 2027 or the first half of 2028, contingent on Instacart shareholder approval, antitrust waiting periods, other regulatory approvals and customary closing conditions. DoorDash said the deal is not subject to a financing condition and that it has arranged a bridge-loan commitment to support the debt-financed portion.
The acquisition would expand DoorDash beyond its restaurant-delivery roots by adding Instacart's relationships with supermarkets, retail partners and grocery-ordering technology. DoorDash plans to keep Instacart's name, app and enterprise technology products after closing, rather than immediately replacing them with a single service. Until completion, the companies remain independent.
DoorDash has proposed allowing customers to use the two membership programmes through a combined subscription arrangement. It also pledged that grocery partners would not have to use its delivery platform exclusively, and said Instacart's independent shoppers would retain flexibility over the work they accept. Those benefits are company commitments or expectations, not outcomes already achieved.
The size of the proposed transaction makes competition review an important unresolved factor. Regulators will assess its effects on grocery delivery, retailers and consumers, while shareholders will vote on the terms. The announced valuation should not be confused with a completed payment or an approved merger.
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