Instacart reveals IPO filing, disclosing PepsiCo investment, profitability – ThePrint – ReutersFeed digitpatrox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitpatrox.com Daily Mail and Mail on Sunday newspapers.
Instacart reveals IPO filing, disclosing PepsiCo investment, profitability By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc.
San Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U.S. Securities and Exchange Commission that PepsiCo had agreed to buy $175 million in preferred convertible stock.