M&A Deal Summary

Instacart Acquires Eversight

On September 1, 2022, Instacart acquired software company Eversight

Acquisition Highlights
  • This is Instacart’s 2nd transaction in the Software sector.
  • This is Instacart’s 4th transaction in the United States.
  • This is Instacart’s 2nd transaction in California.

M&A Deal Summary

Date 2022-09-01
Target Eversight
Sector Software
Buyer(s) Instacart
Deal Type Add-on Acquisition

Target

Eversight

Palo Alto, California, United States
Eversight is an AI-powered pricing and promotions platform for CPG brands and retailers. Eversight has brought CPG brands and retailers technologies tailor-made for the grocery industry, enabling brands and retailers to unlock optimal promotions and pricing that propel their business and create more compelling savings opportunities for customers. Eversight was founded in 2013 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Instacart

San Francisco, California, United States

Category Company
Founded 2012
Sector Internet Software and Services
Employees3,265
Revenue 3.4B USD (2024)
DESCRIPTION

Instacart is a consumer-focused delivery company that looks to match retailers with residential customers. Instacart provides software to help users fill their virtual shopping cart with items from their favorite, local stores and Instacart connects them with shoppers who hand pick the items and deliver them straight to their door. Instacart was formed in 2012 and is based in San Francisco, California.


DEAL STATS #
Overall 5 of 7
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 7
State: California M&A 2 of 2
Country: United States M&A 4 of 6
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Caper

Manhattan, New York, United States

Caper is an AI-powered shopping cart and checkout technology platform by developing cutting-edge AI-powered shopping carts and automated checkout counters that bring together online and offline shopping to create a completely new in-store shopping experience for customers. Caper was founded in 2016 and is based in Manhattan, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Rosie

Ithaca, New York, United States

Rosie is a premier e-commerce platform for local and independent retailers and wholesalers. Rosie was founded in 2013 and is based in Ithaca, New York.

Buy -