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Business · San Francisco

Instacart's board votes to wind down Caper Cart

Maplebear expects $55 million to $80 million in pre-tax charges, mostly in the fourth quarter, and aims to finish the wind-down by mid-2027.

By West Coast News staff ·
Mission Bay in San Francisco
Mission Bay in San Francisco.

On October 25, the board of Maplebear Inc., which operates Instacart from 50 Beale Street in San Francisco, decided to wind down Caper Cart, the company said in a filing with the Securities and Exchange Commission. The filing says the decision is meant to shift resources to other priorities. The wind-down is expected to be substantially complete by the end of the second quarter of 2027.

Maplebear expects pre-tax charges of about $55 million to $80 million, mostly in the fourth quarter of 2026. That includes $21 million to $36 million for ending contracts, $22 million to $27 million for impairments of long-lived assets, and $12 million to $17 million for employee termination costs. The company expects $30 million to $50 million of the charges to become cash costs, and it plans to reinvest the savings in growth projects. The report was signed by chief financial officer Emily Reuter.

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