Mr Mehta told each company that it was speaking to one of its biggest competitors, so it had to act quickly. But the discussions didn’t get far. The other companies had concerns about price and antitrust scrutiny. Instacart declined to comment on the deal talks previously held reported by The Information.

Around that time, there were tense discussions between Mr. Mehta and a group of board members led by Michael Moritz, an investor at Sequoia Capital, four people with knowledge of the situation said. The discussions with DoorDash and Uber were part of those discussions, some of these people said. (Nevertheless, Instacart and Mr. Mehta have said his departure was a voluntary move.)

Before Ms Simo was appointed chief executive in July, there was brief discussion about making her and Mr Mehta co-chief executives, three people with knowledge of the situation said. This idea was quickly abandoned and Mr. Mehta became chairman. (New York Times executive Meredith Kopit Levien joined Instacart’s board of directors in October 2021.)

Carolyn Everson, a former Facebook executive who became president of Instacart in September, left the company after just three months — the most prominent departure from the company, which also lost its chief revenue officer as well as the person who predated Ms. Everson as president. Ms Everson wasn’t happy because she ended up spending most of her time working on the company’s relationships with food managers, said a person who was familiar with the situation.

Instacart’s business has continued to grow despite the turmoil in management, posting $1.8 billion in revenue last year, a person familiar with the business said. But that was nowhere near the quadrupled growth of 2020.

Grocery industry pundits and some Instacart insiders have floated the idea that the company should shut out grocers by opening its own warehouses, which could be more lucrative. But Ms. Simo steadfastly resisted the move. Instead, she has streamlined Instacart’s relationships with grocers, including Kroger, Publix, Wegmans and Costco.



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