Great news for all InvestX clients and advisers who participated in our Instacart offering
Bloomberg reported yesterday that the company has added $200 Million in a Series E funding round led by investment firms Coatue Management and Glade Brook Capital Partners. This funding values Instacart at approximately $4.2B.
In a post on Instacart’s website, Founder and CEO Apoorva Mehta said the company will be working hard to innovate for their customers by offering them better selections at competitive prices. Instacart is currently the favorite grocery delivery service used by 7 of the top 8 North American grocers. Their subscriber base grew by 300% in 2017 and their service launched in over 160 metropolitan areas across the US and Canada.
Want to stay updated on Private Equity News? Follow us on Twitter @InvestX_Capital, or look us up on LinkedIn, and Facebook.
Want access to private companies? Visit InvestX to see past, and current offerings.