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Instacart: Raises $225M At $14B Valuation | Fintech InShorts: Latest fintech news, analysis by experts

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Instacart: Raises $225M At $14B Valuation

By Steve Sam

June 13, 2020

Instacart: Raises $225M At $14B Valuation

Instacart‘s valuation is now almost $14 billion after a new funding round, the company announced
Then the round raised $225 million and was led by DST Global and General Catalyst
Existing investor D1 Capital Partners contributed as well
The company’s valuation is now $13.7 billion, the release states
The company has doubled the size of its customer base, now offering services to more than 500,000 people who need groceries delivered to their door
Instacart has also shifted to delivering alcohol and prescriptions in addition to its usual grocery deliveries

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