Grocery Delivery: Instacart Raising Additional Funding as Platform Expands
Online grocery delivery platform Instacart has hit profitability for the first time after a surge in demand linked to shelter-in-place orders. Alex discusses rumors that Instacart is looking to raise funds at a new 50%+ valuation and describes how he sees the platform expanding as they move forward.
Instacart Weighs New Financing That Would Boost Valuation by at Least 50%: www.theinformation.com/articles/instacart-weighs-new-financing-that-would-boost-valuation-by-at-least-50
This is an excerpt from episode 88 of Winner Take All. Watch the full episode here: youtu.be/qE1I5N8cWOw
Originally Aired: 05/15/20
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