Just four months later, it added another $200 million, reaching $17.7 billion .
The company was valued at approximately $7.9 billion . Instacart raises $200M more at a $17.7B valuation
It raised $225 million at a $13.7 billion valuation. Just four months later, it added another $200
To understand the significance of $17.7 billion, you have to look at where Instacart started the year. To understand the significance of $17
After losing roughly $300 million in 2019, the company finally swung to a $10 million profit in April 2020. 3. Diversifying Beyond the Produce Aisle
Instacart's share of the U.S. online grocery market jumped from 10.2% in 2019 to 21.5% in 2020 .
A study by NERA Economic Consulting found that Instacart was responsible for creating approximately 186,000 additional jobs in the U.S. grocery industry between 2013 and early 2020, with 70,000 of those added during the height of the pandemic.