Instacart's $265 million raise comes as DoorDash nips at its heels
Instacart raised $265 million, it said Tuesday. The money could go toward lowering fees or adding perks to attract new retailers. But experts say DoorDash will soon be a strong competitor in the grocery delivery space. It seems like the sky's the limit for what customers can get delivered from Instacart — and for how much capital the company can raise. The company raised another $265 million from previous backers including Andreessen Horowitz, Sequoia Capital, and D1 Capital Partners, it said Tuesday. The latest round of funding more than doubled its valuation to $39 billion. "They cont...
Source: businessinsider.com