Instacart Raises $200 Million As Delivery Battle With Amazon Looms
by Chris O'Brien, Venturebeat
Posted: 2018-02-13 15:28:16 EST

San Francisco-based Instacart isn’t ready to cede an inch to rival Amazon in the battle to bring groceries to your home.

According to a new report from Bloomberg, Instacart has raised a fresh, whole-range, grass-fed round of $200 million in venture capital. The funding comes just a few days after reports that Amazon is testing delivery from the Whole Foods stores it swallowed last year.

The new funding reportedly values Instacart at $4.2 billion and comes less than a year after the company raised $400 million at a $3.4 billion valuation. Instacart has now raised $900 million total.

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