Instacart now valued at $7.87 billion
Grocery delivery venture Instacart has pulled in an extra $271 million in funding from investors including US hedge fund Tiger Global Management. This brings its latest round of fund raising to $871 million, according to a Reuters report.
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The US startup announced last month it had landed $600 million in a new round led by D1 Capital. The additional $271 million came as a result of interest afterwards from other funds including Tiger Global, and existing investors Coatue Management and Valiant Capital.
Instacart has now raised a total of $1.87 billion, valuing the company at $7.87 billion.