- Instant Pot, despite making a very good product, is not doing so hot — today, Its Parent Company Filed For Chapter 11 Bankruptcy while saying that a new deal for $132.5 million in financing from its lenders will support the company while it figures out a path forward.
- While we don’t have exact numbers for Instant Pot’s decline, we do know sales in the electronic multicooker device category are down 50% since 2020.
