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Online Grocery Shopping/Delivery Company Raises Another $210 Million

December 31, 2014: 12:00 AM EST
A company whose app allows shoppers to order groceries from several stores at once using only one Web site has raised another $210 million from venture capitalists after raising $44 million last June. Instacart, which also provides same day delivery of purchased groceries, is reportedly now valued at $2 billion. The company did not say how it would use the funding from the current round, but indicated in June that the first round of funding would be used to expand into new regions, improve customer service and experiment with new delivery models.
Thad Rueter, "Grocery delivery firm Instacart raises $210 million", Internet Retailer, December 31, 2014, © Vertical Web Media
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