- Instacart, a San Francisco, CA-based online grocery delivery company, raised $200m as part of a new financing
- The round, which increases the company’s valuation to $17.7B, was led by existing investors Valiant Peregrine Fund and D1 Capital Partners
- Instacart allows shoppers to offer same-day delivery and pickup services to bring groceries and everyday essentials to people and families across the U.S. and Canada
- Instacart has partnered with more than 500 national, regional and local retailers to deliver from nearly 40,000 stores
- Product development also focused on introducing new features and tools to enhance the customer experience
- Continued investment in Instacart Enterprise to support retailers’ end-to-end ecommerce needs
