Instacart Raises $200m More At A $17.7b Valuation (No Ads)

Instacart's share of the U.S. online grocery market jumped from 10.2% in 2019 to 21.5% in 2020 .

In the high-stakes world of venture capital, timing is everything. For , the "time" was October 2020, when the grocery delivery giant announced a fresh $200 million funding round , catapulting its valuation to a staggering $17.7 billion . Instacart raises $200M more at a $17.7B valuation

The Pandemic Pivot: How Instacart Reached a $17.7B Valuation Instacart's share of the U

To understand the significance of $17.7 billion, you have to look at where Instacart started the year. For , the "time" was October 2020, when

In less than ten months, Instacart more than doubled its paper value, driven by a compared to the previous year. 2. From "Luxury Service" to "Lifeline"

It raised $225 million at a $13.7 billion valuation.

After losing roughly $300 million in 2019, the company finally swung to a $10 million profit in April 2020. 3. Diversifying Beyond the Produce Aisle