Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year (Dan Primack/Axios)

New York Times:
Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year  —  The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.

Umar Shakir / The Verge:
Instacart announces its Connected Stores ecosystem, including a smart Caper Cart that lets shoppers self-checkout by detecting items placed inside it  —  Instacart gig workers have a smartphone app with scanning tools at their disposal to fulfill delivery orders — but what if regular shoppers could also use them?

Ingrid Lunden / TechCrunch:
Norwegian grocery delivery startup Oda raised ~$151M from Kinnevik and others at a ~$353M post-money valuation, down from ~$900M in April 2021  —  Online grocery delivery, a booming business at the height of the Covid-19 pandemic, has definitely come down to earth with the other shifts we’ve seen …

Mary Ann Azevedo / TechCrunch:
Report: corporate expense management service TripActions, which was last valued at $7.25B, filed confidentially for a US IPO seeking a $12B valuation  —  TripActions is said to have filed confidentially to go public in the third quarter of next year at a $12 billion valuation.

Wall Street Journal:
Sources: Instacart plans to mostly sell employees’ stock during its IPO to help staff cash out, issuing a small number of shares and limiting the amount raised  —  Most shares listed will come from employees, in a move that could help the delivery company retain and recruit talent

Erin Woo / The Information:
Sources: Instacart slashed its internal valuation to ~$13B, its third cut this year, as it seeks to reset investor expectations ahead of an IPO  —  Instacart, the instant delivery company gearing up to go public, has slashed its internal valuation to about $13 billion, according to two people familiar with the matter.