Grocery delivery startup Instacart valued at $4.35b after new funding round

Photo: Bloomberg

Grocery delivery startup Instacart said on Thursday it had closed its series E financing round of $350 million, bringing the company’s valuation to $4.35 billion.

The San Francisco-based company — that shops for and delivers groceries from about 200 retailers including Target Corp and Costco Wholesale Corp — said it would use the capital to double the size of its team and expand its reach across North America.

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