SEC Comment Letter 0000000000-23-005540 to Maplebear Inc. (CART) (CIK 0001579091) (CART)
Maplebear Inc. (CART) (CIK 0001579091)
Date: May 24, 2023 · CIK: 0001579091 · Accession: 0000000000-23-005540
AI Filing Summary & Sentiment
Letter
United States securities and exchange commission logo May 24, 2023 Fidji Simo Chief Executive Officer Maplebear Inc. 50 Beale Street, Suite 600 San Francisco, CA 94105 Re:Maplebear Inc. Amendment No. 5 to Draft Registration Statement on Form S-1 Submitted May 9, 2023 CIK No. 0001579091 Dear Fidji Simo: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 5 to Draft Registration Statement on Form S-1 Business Our Value Proposition For Brands, page 177 1.We note your disclosure that you are "the leading grocery store technology company in North America." Please provide support for this statement. For Shoppers, page 179 2.We note your disclosure that you recognize hard work and reward shoppers with "impactful incentives." Please expand your disclosure regarding these incentives to provide additional detail to investors.
FirstName LastNameFidji Simo Comapany NameMaplebear Inc. May 24, 2023 Page 2 FirstName LastName Fidji Simo Maplebear Inc. May 24, 2023 Page 2 Consolidated Statements of Operations, page F-5 3.Please revise your consolidated statements of operations to present the net income (loss) attributable to common stockholders. Refer to SAB Topic 6.B. You may contact Suying Li at 202-551-3335 or Theresa Brillant at 202-551-3307 if you have questions regarding comments on the financial statements and related matters. Please contact Alyssa Wall at 202-551-8106 or Erin Jaskot at 202-551-3442 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Jon Avina
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United States securities and exchange commission logo
May 24, 2023
Fidji Simo
Chief Executive Officer
Maplebear Inc.
50 Beale Street, Suite 600
San Francisco, CA 94105
Re:Maplebear Inc.
Amendment No. 5 to Draft Registration Statement on Form S-1
Submitted May 9, 2023
CIK No. 0001579091
Dear Fidji Simo:
We have reviewed your amended draft registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to these comments and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Amendment No. 5 to Draft Registration Statement on Form S-1
Business
Our Value Proposition
For Brands, page 177
1.We note your disclosure that you are "the leading grocery store technology company in
North America." Please provide support for this statement.
For Shoppers, page 179
2.We note your disclosure that you recognize hard work and reward shoppers with
"impactful incentives." Please expand your disclosure regarding these incentives to
provide additional detail to investors.
FirstName LastNameFidji Simo
Comapany NameMaplebear Inc.
May 24, 2023 Page 2
FirstName LastName
Fidji Simo
Maplebear Inc.
May 24, 2023
Page 2
Consolidated Statements of Operations, page F-5
3.Please revise your consolidated statements of operations to present the net income (loss)
attributable to common stockholders. Refer to SAB Topic 6.B.
You may contact Suying Li at 202-551-3335 or Theresa Brillant at 202-551-3307 if you
have questions regarding comments on the financial statements and related matters. Please
contact Alyssa Wall at 202-551-8106 or Erin Jaskot at 202-551-3442 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Jon Avina