India, Oct. 29 -- The battle among the rivals for the online shoppers in the United States is set to heat up as DoorDash is planning to buy Instacart, an acquisition worth $17 billion. This acquisition is a giant leap for DoorDash that is trying to diversify from food delivery service business into grocery delivery business.

Even though DoorDash has made its name in food delivery services business, Instacart is a well-known player in grocery shopping. This merger will enable them to create a more formidable delivery platform that can compete with the likes of Walmart and Amazon.

DoorDash Offers $65 Per Instacart Share

According to the proposed deal, DoorDash will offer $65 per share of Instacart, which is a 26% premium over the closing...