Instacart Bags $265 Million in Consumers’ Love Affair With Online Grocery

It's now valued at $39 billion

people putting groceries into a gree instacart bag
The online delivery platform has raised more than $1.5 billion since 2018. Bloomberg/Getty Images

Delivery platform Instacart has raised $265 million in a Series I funding round led by investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Company LLC and T. Rowe Price Associates. The capital more than doubles Instacart’s valuation to $39 billion.

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@lisalacy Lisa Lacy is Adweek's Commerce Editor.