Instacart Reveals IPO Filing, Disclosing PepsiCo Investment, Profitability
Headquartered in San Francisco PepsiCo has agreed to purchase a total of $175 million in chosen convertible shares from Instacart, which disclosed this in a secret filing with the Securities and Exchange Commission (SEC) of the United States for its IPO scheduled for May 2022.
A number of venture capital companies Sequoia Capital, TCV, D1 Capital Partners, and Valiant Capital Management, together with a branch of Norges Bank called Norges Bank Investment Management, have all consented to take part in the IPO as cornerstone investors, according to Instacart.
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