Source: Bloomberg
Summary
Instacart is reportedly seeking to raise $750 million in new funding, valuing the company at over $40 billion. This comes after a November funding round that valued the company at $32 billion. The new funding would bring the company’s total valuation to over $40 billion. Instacart has not commented on the reports. The company’s valuation has been increasing rapidly in recent years.
Our Reading
The announcement sounds ambitious.
Instacart’s valuation is skyrocketing, with a reported $750 million funding round at a pre-money valuation of over $40 billion. This comes just a few months after a November funding round at $32 billion. The company’s valuation has more than doubled in just two years. It’s starting to look like the only thing growing faster than Instacart’s valuation is its appetite for investor cash. Instacart’s valuation is now roughly the same as its entire grocery delivery market.
Author: Evan Null
