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Instacart valuation more than doubles to $39 billion with latest funding round


By Reuters Staff
2 Min Read
FILE PHOTO: Instacart employee Eric Cohn, 34, searches for an item for a delivery order in a Safeway grocery store while wearing a respirator mask to help protect himself and slow the spread of the coronavirus disease (COVID-19) in Tucson, Arizona, U.S., April 4, 2020. REUTERS/Cheney Orr
(Reuters) - Instacart has more than doubled its valuation in less than six months to $39 billion with a $265 million fundraising round from existing investors, as the grocery delivery company benefits from a surge in online orders during the COVID-19 pandemic.
The San Francisco start-up, whose transaction volumes surged sixfold last year as doorstep delivery boomed during lockdowns, said on Tuesday it plans to use part of the new funds to increase its corporate headcount by an estimated 50% in 2021. ....

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Instacart to offer Walgreens shoppers same-day delivery for over-the-counter medications


Instacart said it will be offered at nearly 8,000 Walgreens stores in the coming weeks.
Customers can order items online or by using the Walgreens storefront in the Instacart mobile app.
At Instacart, we re dedicated to giving customers same-day access to the essentials they need from the retailers they know and love. We re proud to expand on that commitment and welcome Walgreens to the Instacart marketplace, said Chris Rogers, Vice President of Retail at Instacart.
Instacart has recently been expanding it portfolio. The company is now partnering with Best Buy, Dicks Sporting Goods, Sephora and Staples. The new service at Walgreens will eventually expand across all 50 states and D.C throughout the spring. ....

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