Instacart explores sale at $12 billion valuation

Instacart is in talks to sell itself and has been working with an investment bank to weigh its options, with the grocery delivery company currently valued at $12 billion. Preliminary conversations were held with at least DoorDash and Uber.

• Instacart is valued at $12 billion
• Company is working with an investment bank on a sale
• Talks were held with DoorDash and Uber
• The grocery delivery service has run for 14 years