Instacart to Wind Down Caper Cart Operations

MT newswire2026/10/26 21:14

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05:14 PM EDT, 10/26/2026 (MT Newswires) -- Maplebear (CART), operating as Instacart, will shutter its Caper Cart operations by the end of Q2 2027 to refocus resources on strategic priorities, the company said in a late Monday regulatory filing. The company expects to record pre-tax charges of $55 million to $80 million, mainly in Q4, according to the filing. The charges comprise $21 million to $36 million related to the termination of contractual obligations, $22 million to $27 million for impairments of long-lived assets pertaining to Caper Cart operations, and $12 million to $17 million related to employee termination costs, the company said.

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