Sequoia Commits Its 7.9% Instacart Stake to Back DoorDash Deal
Sequoia Capital funds that together hold 7.9% of Instacart parent Maplebear have agreed to vote their shares in favor of the company's sale to DoorDash, according to an amended Schedule 13D filed Friday.
The Sequoia entities report beneficial ownership of 18,596,961 Maplebear shares, based on 236,498,351 shares outstanding as of Oct. 23. The filing, the 10th amendment to Sequoia's original 13D from February 2024, was triggered by the DoorDash merger agreement Maplebear signed on Oct. 28.
Locked in behind the deal
At the same time the merger agreement was signed, six Sequoia funds entered into a voting and support agreement with DoorDash, the filing says. They agreed to vote all of their Maplebear shares in favor of adopting the merger agreement and on certain other matters covered by the agreement.
The funds also agreed not to transfer their shares, or enter into certain other transactions involving them, until Maplebear stockholders adopt the merger agreement or the support agreement ends, subject to some exceptions. The filing says the Sequoia entities have made no trades in Maplebear stock in the past 60 days.
Where the stake sits
The largest single holder is Sequoia Capital Fund, L.P., which owns 12,114,227 shares directly, or 5.1% of the company. Sequoia Capital Fund Management, its general partner, is deemed to own 13,877,724 shares, or 5.9%, once Sequoia Capital Fund Parallel's 1,763,497 shares are included. Other holdings sit in Sequoia's U.S./Europe expansion and global growth vehicles, all ultimately controlled by SC US (TTGP), Ltd.
Why it matters
Support agreements from large early backers give an acquirer a head start on the shareholder vote. With Sequoia's 7.9% committed, DoorDash has a sizable bloc of Maplebear shares pledged to approve the deal.
By the numbers
- Shares covered: 18,596,961
- Stake: 7.9% of 236,498,351 shares outstanding
- Largest single fund: 12,114,227 shares, or 5.1%
- Merger agreement signed: Oct. 28, 2026
- Sequoia trades in the past 60 days: none
Sources
- Sequoia Capital Schedule 13D/A on Maplebear Inc., filed Oct. 30, 2026 (accession 0001193125-26-442148)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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