Instacart Raises Funding Valuing Grocery Startup at $3.4 Billion

Online grocery delivery startup Instacart Inc. has raised a $400 million round of venture funding, said people familiar with the deal. With the additional capital, the San Francisco-based company’s valuation has risen to $3.4 billion, said the people, who asked not to be identified because the matter isn’t public. The investment was led by Sequoia Capital, which had led an earlier round, the people said.
Read more: https://www.bloomberg.com/news/articles/2017-03-07/instacart-raises-funding-valuing-grocery-startup-at-3-4-billion?source=Snapzu