D1 Capital Partners

Instacart files for IPO, but should it?

Woman wearing Instacart shirt reaches for vegetables in a grocery store aisle.

Instacart said late Wednesday night that it had filed a Form S-1 with the Securities and Exchange Commission for a possible initial public offering.

According to Bloomberg, the delivery firm is working with Goldman Sachs and J.P. Morgan on the possible offering, which Instacart said is not a definitive choice as of yet.

An IPO was rumored last year, although there was some speculation that Instacart would forgo the traditional IPO route and go the direct listing route instead. In a direct...

https://www.freightwaves.com/news/grocery-delivery-firm-instacart-files-for-ipo

Direct-to-consumer brand Misfits Market achieves unicorn status

Food waste in the United States is estimated between 30% and 40% of the total food supply, according to the U.S. Department of Agriculture (USDA). USDA’s Economic Research Service estimated the loss at 31% at the retail and consumer levels.

There are a number of reasons for food loss – from spoilage to production problems. At the retail level, overordering and the removal of blemished or less pristine product from store shelves leads to waste. Several startup companies are attempting to tackle...

https://s29755.pcdn.co/news/direct-to-consumer-brand-misfits-market-achieves-unicorn-status

Digital convenience store goPuff raises $1.15B

GoPuff, a Philadelphia-based digital convenience store, announced Tuesday it raised $1.15 billion in a Series G round led by an existing investor, D1 Capital Partners. Other investors include Fidelity Management and Research Co., Baillie Gifford, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1. The grocery delivery platform has raised a total of $2.4 billion and is now valued at $8.9 billion.

Co-founders and co-CEOs Rafael Ilishayev and Yakir Gola created the platform in 2013 while...

https://s29755.pcdn.co/news/digital-convenience-store-gopuff-raises-1-15b