The shopping delivery app developer, which counts Comcast, American Express and Amazon among its investors, boosted its valuation to $13.7bn in the round.
Instacart, the grocery delivery app developer backed by corporates Comcast, American Express and Amazon, secured $225m in funding yesterday at a $13.7bn valuation.
Venture capital firms DST Global and General Catalyst co-led the round, which included investment firm D1 Capital Partners. The cash was raised at a valuation almost double that of Instacart’s last round in late 2018, and the company’s total funding stands at about $2.1bn.
The increased valuation is mainly due to the large uptick in the use…
