Indian-led Instacart raises $400 mn at $3.4 bn valuation
Grocery delivery startup Instacart, Co-founded by India-born Apoorva Mehta, has reportedly raised $400 million in a new round of funding led by Sequoia Capital at a $3.4 billion valuation. Previously, the US-based startup raised around $260 million at a $2 billion valuation. The app lets users shop at local grocery stores, after which the orders are delivered by Instacart workers.