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Instacart Raises Funding, Grocery Startup valued at $3.4 Billion

Instacart Raises Funding, Grocery Startup valued at $3.4 Billion

Wednesday, March 8, 2017, 2:42 PM

San Francisco-based online grocery delivery startup Instacart Inc, has raised a $400 million round of venture funding. With the additional capital, company’s valuation has increased to $3.4 billion. The investment was led by Sequoia Capital, which had led an earlier round. Before the recent fundraising discussions, Instacart had been valued at $2 billion after a 2015 funding round.
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