Instacart raises $225 mn led by DST Global and General Catalyst

Instacart has raised $225 million in a new funding round led by DST Global and General Catalyst.
Instacart teamThe round increases Instacart’s valuation to $13.7 billion, up from $8 billion when it last raised money in 2018.

“COVID-19 created a massive shift for the grocery industry and forever changed how people view the necessity of on-demand services,” Instacart founder and CEO Apoorva Mehta said in a press release.

The new round will fund support for shoppers and partners and further expand initiatives in advertising and enterprise.

Instacart has raised a new round of financing that makes it one of the most valuable private companies in the US, leapfrogging DoorDash, Palantir and Robinhood.

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