Instacart Revenue and Growth Statistics (2024)
Instacart interesting Facts (Top Stats)
- You can shop for half a million products from over 65,000 stores through Instacart.
- Most households in the US and Canada have access to Instacart—85% and 70%, respectively.
- Instacart has over 10 million users.
- The Instacart app got 4.4 million downloads in March and April 2020 alone.
- 27% of US online shoppers use Instacart.
- Instacart hit $1.8 billion in revenue in 2021.
- In Q1 2022, Instacart reported that sales fell 4% YoY.
- Instacart has an estimated 600,000+ shoppers (people who pick up items from stores for customers.)
- In April 2020, Instacart earned $10 million in profit – the first profitable month the company had ever recorded.
- Instacart sold $35 billion worth of groceries in 2020.
- Instacart is valued at $39 billion as of March 2021.
Source: Web Tribunal, Zippia
Instacart Overview (About)
Instacart, the grocery delivery company has an awesome history. Join us, and let’s together have a look at the past of Instacart as a company!
Instacart Valuation
In 2022, Instacart’s valuation declined by roughly 40%, from USD39 billion to USD24 billion.
The highest that Instacart was ever worth was of $39 billion.
Source: Techcrunch, Fortune
Instacart Revenue
In 2021, Instacart increased its revenue by 20%, amounting to $1.8 billion.
Note how every new year at Instacart means new revenue. In fact, with each new year, there are more millions coming in.
Source: The Information, Forbes, Medium
How many orders does Instacart get?
Approximately 767,000 consumers order from Instacart every day.
It’s impressive to think that with every second going by, there are 9 new orders on Instacart. As you read this, 9 new orders take place with each new second!
Source: Toptal
Instacart Profit
According to a report from the information, Instacart made USD5 million in profit as of 2020, a swift turnaround following its enormous USD300 million loss in 2019.
Source: The Information, Forbes
What is Instacart’s Gross Merchandises Value(GMV)?
Instacart’s gross merchandise value is expected to reach a high of $27.33 billion by 2025.
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Source: Statista
Instacart Fundings
Instacart has raised a total of $2.9B in funding over 19 rounds. Their latest funding was raised on Nov 1, 2021, from a Venture – Series Unknown round.
Source: Crunchbase
Instacart Investors
Instacart is funded by 37 investors. Manhattan Venture Partners and Sequoia Capital are the most recent investors.
Source: Crunchbase
Instacart Acquisitions
Instacart has acquired 7 organizations. Their most recent acquisition was Rosie on Sep 7, 2022.
Source: Crunchbase
Where is Instacart available? (Number of cities Instacart is available over the years)
Instacart serves households across the United States and Canada
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In 2016, Instacart was available in just 25 cities. Fast-forward to 2020, the service is present in 5,500 cities!
Source: Instacart, CB Insights
Who are Instacart’s target customers?
Instacart’s target customers include people that have a tight schedule and senior citizens.
Source: Marque Ex
Instacart’s monthly active users? (MAU)
Instacart monthly active users are approximately 288 million users across the U.S.A and Canada.
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Source: Apptopia
What Is the most popular grocery item sold on Instacart?
According to Instacart, bananas are the most popular item purchased through the service.
Source: Eat This
Who are Instacart partners?
- Instacart Partners refer to retail and grocery companies that operate on Instacart.
- The company is partnering with more than 1000 national, regional and local retail deliver from more than 75,000 stores across more than 13,000 cities.
Who are Instacart’s top partners?
Instacart partners with the most popular national and regional retailers such as
- Albertsons
- ALDI
- Costco
- CVS
- Kroger
- Loblaw
- Publix,
- Sam’s Club
- Sprouts
- Wegmans
Source: Instacart
What is the number of Instarcart partners over the years?
As of 2022, there are about 900 partners of Instacart.
With each new year, there are a couple hundred new partners of Instacart. This shows how much the service has grown, reaching 900 partners by the end of 2022.
Source: Instacart
Cities where Instacart partners are available
Below is a list of the cities in which Instacart is available, as well as the partners.
By partners, we’re talking about the stores in which you can use Instacart.
Source: GIG Worker
How does Instacart make Money?
Instacart makes money through:
- Revenue sharing
- Delivery fees
- Mark-ups on prices
- Premium subscription fees
- In-app advertising.
Source: Finty
How many people work at Instacart? (Shoppers)
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As of 2021, approximately 600,000 people work as shoppers for Instacart, picking up things from retailers and delivering them to clients.
Look at that! In 2014, there were 5,000 shoppers through Instacart. In 2021, the number skyrocketed to 600,000 shoppers.
Source: LinkedIn, CNN, VOX, Huff Post
How many customers does Instacart have?
As of August 2022, there were 9.6 million active customers on the Instacart app, who regularly made purchases via the service.
Source: Similar Web
Instacart customers by country
In August 2022, there were Instacart active users were 32 million. About 31,040,000 customers were from the United States in the month of August 2022.
After the United States, almost 1% of Instacart’s total users come from Canada.
Source: Similar Web
Instacart users by gender
The consumers of Instacart.com made up 44.10% of men and 54.90% of women.
As you can see, Instacart has a pretty fair split between the male and female users.
Source: Similar Web
Instacart users by age
The largest age group of visitors is 25 – 34 years old (26.61% of the total users).
The second most popular age group amongst Instacart’s users is the 35-44 age bracket, with 20.22% of the total users.
Source: Similar Web
How many app downloads did Instacart get in 2022?
In total, Instacart has over 12.8 million downloads.
- Instacart has more than 10 million Android app downloads
- Instacart has more than 2.8 million iOS app downloads
Source: Play Google, Apps Apple
Instacart Web Traffic Analysis
Instacart.com top marketing channels
The top traffic source to Instacart.com is direct traffic, driving 58.27% of desktop visits last month, and search is the 2nd with 34.69% of traffic.
The most underutilized channel is advertisements.
Source: Similar Web
Social media traffic to Instacart.com
Instacart.com gets most of its social media traffic from YouTube, followed by Facebook and LinkedIn.
The lowest utilized social media traffic driver for Instacart’s website is Twitter, with 5.37% of the total.
Source: Similar Web
What is the average time spent by users on Instacart?
The average time spent by Instacart app users is 7 minutes and 23 seconds.
Source: Similar Web
What devices are used to access Instacart.com by country?
Instacart.com’s core audience is located in the United States, with almost 92% of the total users being on mobile devices.
After the US, most of Instacart’s users are from the Dominican Republic, with very close to 100% using mobile devices.
The country with most Instacart desktop users is Canada, having 33.31% of the total users on desktop devices.
Source: Semrush
Who founded Instacart?
The trio of Apoorva Mehta, Max Mullen, and Brandon Leonardo founded Instacart in 2012.
Instacart founder’s net worth
Currently, Instacart’s founder has a net worth of $3.5 billion.
- Apoorva Mehta is the executive chairman and founder of Instacart, a San Francisco-based grocery delivery firm most recently valued at $13 billion.
- Born in India, Apoorva lived in Libya before moving to Canada, where he eventually studied engineering at the University of Waterloo.
- He worked as an engineer at Blackberry, Qualcomm, and Amazon before leaving his job to be an entrepreneur in 2010.
- He came up with ideas for around 20 products (none worked out) before starting Instacart in 2012.
- With Instacart, customers order groceries online from brick-and-mortar stores, then they are packed and delivered by an Instacart shopper.
Source: Forbes
