Jun 11, 2020 - Economy & Business
Instacart now valued at $13.7 billion
- Dan Primack, author of Axios Pro Rata

Illustration: Sarah Grillo/Axios
Grocery delivery company Instacart announced Thursday that it raised $225 million in new venture capital funding at a $13.7 billion valuation.
Why it matters: Instacart was often an afterthought for those following the gig economy, until the coronavirus pandemic made it a lifeline for many Americans who were unable or unwilling to shop for groceries. It's now valued higher than competitors like Postmates, Grubhub, Lyft and DoorDash.
Go deeper: Instacart claims strike had "no impact" on operations