Instacart reveals IPO filing, disclosing PepsiCo investment, profitability

Instacart reveals IPO filing, disclosing PepsiCo investment, profitability

FILE PHOTO: Smartphone with displayed Instacart logo is seen in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc.