Sequoia Capital Group Files SC 13D on Maplebear Inc.

TL;DR

Sequoia Capital group filed a 13D on Maplebear Inc. (Instacart), signaling their significant ownership position.

AI Summary

On February 27, 2024, an SC 13D filing was made concerning Maplebear Inc. by a group of entities and individuals associated with Sequoia Capital. The filing identifies various Sequoia Capital funds, including Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital U.S. Growth Fund VI, L.P., along with individuals Douglas Leone and Roelof Botha, as beneficial owners.

Why It Matters

An SC 13D filing indicates that a beneficial owner or group holds more than 5% of a company's stock, providing transparency into significant institutional ownership and potential influence on the company's direction.

Risk Assessment

Risk Level: low — This filing primarily identifies the beneficial ownership group and does not inherently indicate a change in strategy or a contentious event based on the provided snippet.

Key Numbers

• 20240227 — Filing Date (Date the SC 13D was filed with the SEC)
• 2 — Public Document Count (Number of public documents associated with this filing)

Key Players & Entities

• Maplebear Inc. (company) — subject company of the filing
• Douglas Leone (person) — group member (DL)
• Roelof Botha (person) — group member (RB)
• SC Global Growth II Management, L.P. (company) — group member
• SC U.S. GROWTH VI MANAGEMENT, L.P. (company) — group member
• SC U.S. GROWTH VII MANAGEMENT, L.P. (company) — group member
• SC U.S. VENTURE XIV MANAGEMENT, L.P. (company) — group member
• SCGGF III - U.S./INDIA MANAGEMENT, L.P. (company) — group member
• SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P. (company) — group member
• SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS MANAGEMENT, L.P. (company) — group member

FAQ

Key Financial Figures

• $0.00001 — suer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securiti

Filing Documents

• d799472dsc13d.htm (SC 13D) — 410KB
• d799472dex991.htm (EX-99.1) — 37KB
• 0001193125-24-048200.txt ( ) — 450KB

From the Filing

SC 13D 1 d799472dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.)* Maplebear Inc. (Name of Issuer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securities) 565394103** (CUSIP Number) SC US (TTGP), Ltd. 2800 Sand Hill Road Suite 101 Menlo Park, CA 94025 Attention: Douglas M. Leone Telephone: (650) 854-3927 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) with copies to: Craig Marcus Ropes & Gray LLP 800 Boylston Street Boston, Massachusetts 02199 (617) 951-7802 February 20, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. ** This CUSIP number applies to the Issuers Class A Common Stock. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. Names of Reporting Persons. SEQUOIA CAPITAL USV XIV HOLDCO, LTD. (SEQUOIA CAPITAL USV XIV HOLDCO) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 25,726,519 9. Sole Dispositive Power 0 10. Shared Dispositive Power 25,726,519 11. Aggregate Amount Beneficially Owned by Each Reporting Person 25,726,519 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 9.2% 1 14. Type of Reporting Person (See Instructions) OO 1 Based on a total of 280,215,950 shares of Class A common stock as of October 31, 2023, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023. 1. Names of Reporting Persons. SEQUOIA CAPITAL U.S. GROWTH FUND VI, L.P. (SEQUOIA CAPITAL U.S. GROWTH FUND VI) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 4,744,206 9. Sole Dispositive Power 0 10. Shared Dispositive Power 4,744,206 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,744,206 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 1.7% 1 14. Type of Reporting Person (See Instructions) PN 1 Based on a total of 280,215,950 shares of Class A common stock as of October 31, 2023, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023. 1. Names of Reporting Persons. SEQUOIA CAPITAL U.S. GROWTH PRINCIPALS VI FUND, L.P. (SEQUOIA CAPITAL U.S. GROWTH PRINCIPALS VI FUND) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 308,013 9. Sole Dispositive Power 0 10. Shared Dispositive Power 308,013 11. Aggregate Amount Beneficially Owned by Each Reporting Person 308,013 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented b

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