Instacart raises new funding

Instacart raises new funding

Grocery delivery company Instacart has reportedly raised significant funding in a new round of funding. According to a reports published yesterday (7 March) by the Wall Street Journal, TechCrunch today and other sources, Instacart raised  up to $400m, giving the company a $3.4bn valuation.

Investors in the round reportedly included Sequoia Capital , Andreessen Horowitz, Y Combinator and Kleiner Perkins.

Instacart is currently operating only in the US market, delivering groceries sourced from local stores.

 

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