Instacart is considering a sale to DoorDash or Uber

The U.S. grocery delivery service Instacart is exploring a potential acquisition by a larger competitor. The company has already held talks with DoorDash and Uber, although the latter is said to have dropped out of the running.

Competition Is Intensifying

Instacart has retained an investment bank to explore its strategic options, The Information reports, citing sources familiar with the matter. The company also held exploratory acquisition talks with meal delivery service DoorDash and ride-hailing platform Uber, though according to Bloomberg, Uber has since withdrawn from the negotiations.