Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year (New York Times)

Dan Primack / Axios:
Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year  —  Grocery delivery app Instacart has decided to push its highly anticipated IPO into 2023, believing the current stock market is too volatile, as first reported by The New York Times and confirmed by Axios.

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.

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.

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

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?

Shaji Mathew / Bloomberg:
Saudi Arabian food delivery service Jahez agrees to acquire local rival The Chefz for ~$173M in a cash and stock deal  —  Saudi food delivery firm Jahez agreed to acquire The Chefz in a cash and stock deal, almost a year after Delivery Hero SE’s attempt to buy the firm was thwarted by the local competition watchdog.