Instacart valuation jumps to $17.7bn ahead of potential IPO
The latest funding round more than doubles the valuation of the grocery-delivery start-up since the start of the coronavirus pandemic
08 October 2020 - 21:14
San Francisco — Investors pushed the value of Instacart to $17.7bn in a new private funding round, more than doubling the valuation of the grocery-delivery start-up since the start of the coronavirus pandemic.
Valiant Peregrine Fund and Daniel Sundheim’s D1 Capital Partners, two existing investors in Instacart, led the round, the grocery start-up said Thursday. Instacart plans to use the $200m investment to develop its website, ad business and services for retail stores...
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