The American Express, Comcast and Amazon-backed shopping service is valued at $13.8bn having raised $100m from T.Rowe Price for its latest round.
Instacart, a US-based shopping delivery service backed by corporates Amazon, American Express and Comcast, has added $100m to a funding round now sized at $325m, Axios reported on Friday.
The additional capital was supplied by investment management firm T. Rowe Price and increased the company’s valuation post-money valuation to $13.8bn.
Founded in 2012, Instacart operates a grocery delivery service that enables customers to purchase goods from local stores through a mobile app. It has partnered approximately 400 retailers, covering a…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
