The Comcast, American Express and Amazon-backed grocery delivery service increased its valuation to $17.7bn in a round co-led by Valiant Peregrine Fund and D1 Capital Partners.
Instacart, the US-based grocery delivery service that counts corporates Amazon, Comcast and American Express as investors, raised $200m in financing yesterday at a $17.7bn post-money valuation.
Private equity fund Valiant Peregrine Fund and investment firm D1 Capital Partners co-led the round, which boosted Instacart’s overall funding to about $2.4bn.
Instacart runs an online platform that allows users to order groceries and other consumer items to be picked up from local shops and delivered by the company’s shoppers. It has more…
