More than a year into the pandemic, Instacart Inc., the biggest grocery-delivery company, was looking for a deal.
Last year, its founder approached rivals DoorDash Inc. and Uber Technologies Inc. about possible deals, according to people familiar with the matter. Instacart’s newly appointed chief executive later tried again, some of the people say. None of the talks resulted in an agreement. The company also considered an initial public offering last year, people close to the discussions said. By last month, Instacart slashed its valuation.
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