.
MergerLinks Header Logo

New Deal


Announced

Completed

T. Rowe Price completed a $100m investment in Instacart.

Financials

Edit Data
Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

IT Services: Other

online services

grocery distributor

grocery delivery

United States

Acquisition

Minority

Private

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

Edit

T. Rowe Price, a Maryland-based investment management firm dedicated to funding technology startups, completed a $100m investment in Instacart, an American company that operates a grocery delivery and pick-up service in the United States and Canada. This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US