Instacart, the grocery delivery company whose business has surged amid Covid-19 lockdowns, is in talks to raise several hundred million dollars from existing and new investors, according to two people with knowledge of the situation.
The deal would put the company’s pre-money valuation at between $12 billion and $14 billion, one of these people said, an increase of at least 50% over Instacart’s valuation during its last financing in late 2018.
