Instacart CEO Apoorva Mehta. Photo by Steve Jennings/Getty Images.

Instacart on Monday announced that it has raised $200 million in Series E funding at a $4.2 billion post-money valuation.

Why it matters: Amazon's purchase of Whole Foods seems to have accelerated Instacart's momentum, as rival grocers rush to offer tech-enabled delivery.

  • Coatue Management led the new round, and was joined by Glade Brook Capital Partners and insiders.
  • Instacart previously raised at a $3.4 billion post-money last March.

Axios reported last week that Instacart had filed a Series E stock cert in Delaware that allowed for up to $250 million. A company spokeswoman declined to comment on if today's announcement represents a final close.

Still no explanation from Instacart, Amazon or Whole Foods on last week's announcement that Amazon would begin "free two-hour delivery of natural and organic products from Whole FoodsMarket through Prime Now." Remember, Instacart had previously said that it had an exclusive agreement with Whole Foods for perishable food deliveries. Either Amazon is breaking that contract, or the contract wasn't written carefully enough.

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Pelosi on state of coronavirus stimulus talks: "It's a chasm"

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

Driving the news, via Axios' Dion Rabouin: Congress' failure to renew enhanced unemployment measures for millions of Americans at the end of July is already affecting consumer spending patterns, holding down retail purchases and foot traffic, economists at Deutsche Bank say.

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Illustration: Annelise Capossela/Axios

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U.S. threatens to veto UN peacekeeping in Lebanon over Hezbollah concerns

Peacekeepers with Lebanese troops in southern Lebanon. Photo: Jalaa Marey/AFP via Getty

The Trump administration is threatening to veto a resolution to extend the UN's long-standing peacekeeping mission in southern Lebanon if its mandate isn't changed, Israeli and U.S. officials tell me.

Why it matters: The U.S. is the main funder of the UN Interim Force in Lebanon (UNIFIL), which has an annual budget of $250 million. The veto threat is a tactical move, and part of a broader effort to put pressure on Iran and its proxy in Lebanon, Hezbollah.