Food & Agriculture Online Grocery Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Food & Agriculture Online Grocery Platforms
1.1 - About Food & Agriculture Online Grocery Platforms sector
Companies in the Food & Agriculture Online Grocery Platforms category power consumer-facing marketplaces and merchant tools for ordering, payment, and fulfillment of groceries, convenience goods, and alcohol. They connect retailers to last-mile delivery networks, personal shoppers, and micro-fulfillment to enable same-day delivery and pickup. Strategic buyers in online grocery focus on expanding digital reach, improving basket conversion, and orchestrating reliable, compliant delivery at national and local scale.
They typically provide omnichannel e-commerce storefronts with catalog management and real-time inventory sync, integrated order management, shopper/driver dispatch with route optimization, and micro-fulfillment operations software. Subscription and loyalty programs, alcohol compliance tooling, POS integration, and curbside pickup scheduling are common. Many also offer wholesale procurement portals with EDI connectivity and AI-driven merchandising and customer acquisition that streamline supply chain workflows and boost basket size.
Primary customers include grocery chains and supermarkets, convenience retailers and local merchants, and food distributors and wholesalers. Using these platforms, buyers achieve faster time-to-serve with same-day delivery and pickup, expanded geographic reach, higher order frequency and basket value, and reduced operational costs through automated fulfillment and data-driven planning, while maintaining regulatory compliance for items such as alcohol and perishables.
2. Buyers in the Food & Agriculture Online Grocery Platforms sector
2.1 Top strategic acquirers of Food & Agriculture Online Grocery Platforms companies
Instacart
HQ: United States
Website
- Description: Provider of online grocery delivery and retail enablement solutions, operating a platform that connects shoppers with more than 1,800 retail banners across 100,000+ locations and offering same-day delivery, advertising, membership, and end-to-end enterprise technology that transform how retailers, brands and customers shop, eat and live.
- Key Products:
- Instacart Marketplace: Website and mobile app enabling on-demand grocery and alcohol ordering from 100,000 stores, fulfilled by contracted personal shoppers with same-day delivery and pickup options
- Instacart+: Subscription program providing free deliveries, reduced fees and collaborative family shopping features such as shared carts and membership sharing
- Instacart Platform: B2B suite offering retailers white-label advertising, home delivery logistics and AI-driven inventory counting tools to power their own ecommerce operations
- Shoppable Recipes: Integration that links recipes on TikTok
- Hearst and Tasty to Instacart’s catalog, letting creators embed product links so viewers can instantly add ingredients to their carts for purchase.
- Rationale: Provider of Instacart Marketplace on-demand grocery ordering app, Instacart Platform white-label retailer e-commerce/logistics, and Shoppable Recipes recipe-to-cart integrations.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.2 - Strategic buyer groups for Food & Agriculture Online Grocery Platforms sector
M&A buyer group 1: B2C Grocery Delivery
37 companies
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Description: Food Tech B2C Grocery Delivery Platforms provide marketplaces and apps for scheduled or instant delivery of groceries and essentials. They aggregate inventory from supermarkets, independents, and dark stores, orchestrate payments and logistics, and manage the end-to-end customer experience. Strategic buyers in this category prioritize rapid fulfillment, accurate substitutions, and transparent tracking while optimizing basket economics and service levels across urban and suburban markets.
DoorDash
- Type: N/A
- Employees: ●●●●●
- Description: Provider of a technology-driven local commerce platform that connects consumers with nearby businesses via DoorDash and Wolt marketplaces, and offers logistics, delivery and white-label storefront services that help merchants establish online presence, fulfill customer orders and reach diners across restaurant, grocery, convenience and specialty retail sectors worldwide.
- Key Products:
- DoorDash Marketplace: Online marketplace that lets consumers discover local merchants, place food or retail orders, and receive on-demand delivery fulfilled by Dashers, increasing merchant reach
- Wolt Marketplace: International ordering platform offering wide selection of local restaurants and stores, enabling quick discovery, seamless checkout and courier delivery in numerous global cities
- DoorDash Drive: White-label last-mile logistics service where merchants dispatch same-day deliveries using DoorDash’s driver network, integrating directly with merchant systems for flexible fulfillment
- DoorDash Storefront: Turn-key e-commerce solution that converts a merchant’s own website into an ordering site supporting pickup or delivery, with DoorDash handling payments, delivery via Drive, and customer data access.
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●● companies
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Food & Agriculture Online Grocery Platforms sector
3.1 - Buyout funds in the Food & Agriculture Online Grocery Platforms sector
2.2 - Strategic buyer groups for Food & Agriculture Online Grocery Platforms sector
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4 - Top valuation comps for Food & Agriculture Online Grocery Platforms companies
4.2 - Public trading comparable groups for Food & Agriculture Online Grocery Platforms sector
Valuation benchmark group 1: On-Demand Food and Grocery Delivery Companies
4 companies
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Description: Companies in this trading comparable group operate on-demand marketplaces and fulfillment networks that deliver prepared meals and groceries to consumers. They monetize through commissions, delivery fees, subscriptions, advertising, and, in some cases, technology licensing for grocery automation. They are grouped together as valuation benchmarks due to shared scale-driven network effects, similar unit economics, and last-mile logistics models across food and grocery delivery.
Uber
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of proprietary technology applications that operate a multisided platform to connect consumers with transportation, food delivery, and logistics services, allowing users to book rides, order meals, and manage shipment logistics around the world.
- Key Products:
- Ridesharing: Service that connects riders with drivers through a mobile app
- Food Delivery: Service that allows users to order meals from local restaurants for delivery
- Freight: Platform that connects shippers with carriers to manage logistics and transportation
- Car Rentals: Service that enables users to rent cars for short durations through the app
- Micromobility: Service providing access to electric scooters and bikes for short-distance travel.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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