US-based grocery delivery service Instacart, which has been backed by multiple corporates previously, raised $200m in a series E round.
Instacart, a US-based grocery delivery service, confirmed it had completed a $200m in a series E round. The round was led by investment manager Coatue Management and also featured growth equity firm Glade Brook Capital Partners as well as undisclosed existing investors. Instacart was reportedly valued at about $4.2bn.
Founded in 2012, Instacart is an online-based service which allows users to order groceries online from a range of local supermarkets and stores and have them delivered to their homes later…
