Amex, Comcast and Amazon-backed grocery delivery platform Instacart has added $271m to its latest round and is now valued at almost $7.9bn.

Instacart, the US-based grocery delivery platform backed by mass media group Comcast, payment services firm American Express and e-commerce firm Amazon, has increased its series F round to $871m, Reuters reported yesterday.

Investors including Tiger Global Management, Coatue Management and Valiant Capital added $271m to the $600m the company had secured last month in a tranche led by D1 Capital Partners that valued it at $7bn pre-money, according to a source familiar with the matter.

Founded in 2012, Instacart…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.