Tag Archive : Instacart

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Instacart announced its second nine-figure funding raise this year with a $200 million Series H round that values the delivery app at $17.7 billion and shows that staying the top player in grocery delivery will take serious capital.

The valuation lifts the net worth of 34-year-old CEO and founder Apoorva Mehta by $400 million to $1.6 billion, based on an estimated 10% stake in Instacart. Mehta debuted as a billionaire after raising $225 million in June, which valued the company at $13.7 billion and put the paper value of his stake at $1.2 billion. A spokesperson for Instacart had no comment on Forbes’ estimate.

The new financing round was led by existing investors Valiant Peregrine Fund and D1 Capital. The money will go towards investing more in its web advertising platform, in which food brands pay for better

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  • Instacart partnered with Sephora as part of its push to become an on-demand delivery platform for more than just grocery.
  • But as Instacart moves into same-day delivery, it’s going to come head-to-head with fierce competitors.
  • Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn more about subscribing here.

The grocery-focused delivery platform is adding Sephora to its offering, allowing it to provide the brand’s products via same-day delivery that can be as fast as 1 hour.

US online grocery penetration forecast

Instacart adds Sephora to its marketplace to expand beyond online grocery.

Business Insider Intelligence

Sephora products are currently available via Instacart from select stores in California and Canada, but the marketplace will fulfill orders from over 400 Sephora locations in North America in the coming weeks. And Instacart will be integrated with Sephora’s loyalty program so that members can

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