Instacart Raises $200 Million in New Funding as Grocery Delivery, Pickup Booms During Pandemic
Grocery delivery service Instacart announced it has raised $200 million in funding led by existing investors Valiant Peregrine Fund and D1 Capital Partners.
2020 has been a strong year for the company, which has seen its valuation more than double since the year began as consumers have pivoted to online grocery shopping during the coronavirus pandemic.
According to CNBC, the company’s valuation jumped to $17.7 billion following the funding round, up from $7.9 billion when 2020 began. Instacart is now...
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