Instacart Raises $200m More At A $17.7b Valuation -

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.

To understand the significance of $17.7 billion, you have to look at where Instacart started the year. Instacart raises $200M more at a $17.7B valuation

It raised $225 million at a $13.7 billion valuation. A study by NERA Economic Consulting found that

Before the pandemic, Instacart was often viewed as a convenience for the time-strapped. The global crisis transformed it into an essential service. It raised $225 million at a $13

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 .

In less than ten months, Instacart more than doubled its paper value, driven by a compared to the previous year. 2. From "Luxury Service" to "Lifeline"