The Amazon, American Express Ventures and Comcast Ventures-backed grocery delivery platform is now valued at $4.2bn.
Instacart, the US-based grocery delivery service that counts corporates American Express, Amazon and Comcast among its investors, confirmed yesterday it has raised $200m in a series E round.
Investment manager Coatue Management led the round, which included growth equity firm Glade Brook Capital Partners and undisclosed existing investors. It valued Instacart at approximately $4.2bn, up from the $3.4bn valuation at which it last raised cash in March 2017.
Founded in 2012, Instacart runs an online-based service that enables users…
