Online grocery delivery deal worth ₹1.6 lakh crore? DoorDash likely to make Instacart buyout official today: Report
A order wins & contracts development with market-wide reach.
· LiveMint Companies
DoorDash could announce a deal to buy Instacart as soon as Thursday, in a transaction reportedly valuing the grocery-delivery company at about $17 billion.
The analysis
A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.