Retail

Instacart’s valuation doubles to $39 billion

0


Instacart is being valued at $39 billion in a new round of funding that will add $265 million to the grocery delivery company’s coffers. It’s the second time Instacart’s valuation has doubled since the start of the Covid-19 pandemic.

Less than five months ago, Instacart raised $200 million in a deal that valued it at $17.7 billion. 

According to Pitchbook, Instacart is now the second largest U.S.-based unicorn, behind SpaceX, Elon Musk’s space start-up that’s valued at $74 billion.

The adoption of grocery delivery has skyrocketed during the pandemic as consumer demand for grocery and convenience delivery and pickup services surged. “This past year ushered in a new normal, changing the way…



Source cnbc.com

SpaceX wants to connect Starlink satellite internet to moving vehicles

Previous article

What tax-free student loan forgiveness would mean for borrowers

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail