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Instacart’s Valuation Doubles to $39 Billion in New Fundraising

Momentum is building for Instacart.
(Castleski)
(Castleski)
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With new funding, Instacart has reached a valuation of more than double where it was last valued after fundraising in October, The Information reports.

When pandemic lockdowns hit, Instacart saw incredible growth. It led the grocery-delivery firm to profitability for the first time in its history.

Numbers To Consider:

  1. The company raised $265 Billion in this round.
  2. It values Instacard at $39 billion.

The Usual Suspects: Andreessen Horowitz, Sequoia Capital and Fidelity Management, all existing investors in Instacart, led the fundraising round.

  • It comes just two months after Instacart poached a “top Goldman Sachs dealmaker, Nick Giovanni, as CFO.”

The Big Picture: Instacart has a public offering in its future, it’s just a matter of when. “It’s possible the company is raising the funds ahead of a direct listing of its shares, an increasingly popular route for companies to go public without raising money.”

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