---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-240556"
form_type: "8-K"
ticker: "CART"
cik: "0001579091"
company_name: "Maplebear Inc."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:40:34.939496+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Maplebear (CART) closes IPO, sells $175M Series A Preferred to PepsiCo

## Summary
- Closed IPO on Sep 21, 2023; concurrently sold 5,833,333 Series A Preferred shares to PepsiCo for approx. $175M.
- Series A Preferred ranks senior to common, no voting rights except class votes, convertible after 7 years or optionally at year 3 if stock price exceeds conversion price.
- Appointed Ravi Gupta (Sequoia Capital Managing Member and former CFO/COO) to board; granted 8,333 RSUs vesting over 3 years.
- Amended and restated certificate of incorporation and bylaws effective with IPO closing.
- Sequoia affiliates purchased approx. $30M of common stock in IPO at public offering price.

## SEC filing metadata
- accession: 0001193125-23-240556
- form_type: 8-K
- ticker: CART
- cik: 0001579091
- company_name: Maplebear Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 3.03, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/0001193125-23-240556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/d511433d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-240556
- JSON: https://secwatch.observer/filing/0001193125-23-240556.json
- Plain text: https://secwatch.observer/filing/0001193125-23-240556.txt

## Key facts
- Executive change
  Ravi Gupta was appointed as Director at Maplebear Inc..
  - Action: appointed
  - Role: Director
  source text: On August 11, 2023, the Company’s board of directors (the “ Board ”) appointed Ravi Gupta to the Board, effective as of the business day following the closing of the Company’s IPO (the “ Appointment Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/0001193125-23-240556-index.htm
- Governance Changes
  Maplebear Inc.: Amended and restated bylaws became effective in connection with IPO closing (effective 2023-09-21).
  - Change: bylaw amendment
  - Effective: 2023-09-21
  source text: On September 21, 2023, the Company’s amended and restated bylaws (the “ Restated Bylaws ”) became effective in connection with the closing of the IPO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/0001193125-23-240556-index.htm
- Governance Changes
  Maplebear Inc.: Amended and restated certificate of incorporation filed in connection with IPO closing (effective 2023-09-21).
  - Change: charter amendment
  - Effective: 2023-09-21
  source text: On September 21, 2023, the Company filed an amended and restated certificate of incorporation (the “ Restated Certificate ”) with the Secretary of State of the State of Delaware in connection with the closing of the IPO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/0001193125-23-240556-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.