Business

DoorDash to buy Instacart for $17bn in major grocery delivery consolidation

The Guardian Business·Oct 29, 2026 · 8:41 AM CT
Readthrough summary

DoorDash is acquiring Instacart in a $17 billion deal that will sharply expand its grocery delivery business. DoorDash said the Instacart name and app will stay, Instacart shoppers can keep fulfilling Instacart orders, and grocers can choose to work with either company.

Instacart, founded in 2012, delivers groceries and convenience-store items in the U.S. and Canada. Its 600,000 independent-contractor shoppers completed 338 million orders last year, and it has a market value of about $14 billion.

DoorDash, founded in San Francisco in 2013, started with restaurant delivery and now operates in 40 countries. It completed more than 3 billion orders last year with 9 million independent delivery workers and is valued at about $73 billion. It began delivering groceries in 2020 during the pandemic surge.

Key points

  • Deal value: $17 billion
  • Instacart brand and app stay
  • Instacart users gain 50,000 DoorDash stores

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at The Guardian Business.

More Business

Federal Reserve (monetary policy)·

Federal Reserve issues FOMC statement

The Federal Open Market Committee voted 10-2 on Wednesday to hold the federal funds rate target range at 3-3/4 to 4 percent. The Fed said economic activity is expanding at a strong pace and domestic spending has been resilient, while uncertainty remains elevated partly because of geopolitical developments.

CNBC·

ServiceNow shares plunge 24% after earnings revive AI disruption fears

ServiceNow shares sank 24% Thursday, on track for their worst day ever, after third-quarter results lacked upside and revived fears that AI will upend traditional software. Revenue rose more than 20% to $4.11 billion, in line with estimates, but adjusted earnings of $1.00 a share missed the $1.02 forecast.

NPR Business·

With days to go before the midterms, data shows the U.S. economy is doing well

U.S. GDP grew at a 3.4% annual rate in July through September, up from 2.2% in the spring, driven by AI data-center investment and consumer spending, the Commerce Department said Thursday. The strong report lands days before the midterms, while many Americans still feel squeezed by inflation and Iran-related energy costs.

CNBC·

The politics of President Lagarde's European Central Bank early exit — and who could replace her

European Central Bank President Christine Lagarde announced she will step down on Feb. 7, 2027, about nine months before her term ends, saying she wants freedom to express political opinions. Her early exit starts a succession race shaped by political bargaining and France's fiscal troubles, ahead of next spring's French presidential election.