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

It's now valued at $39 billion

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.