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Instacart Cuts Valuation by 38% to $24 Billion

By
Berber Jin
· · Source: The Information

Instacart said on Thursday it was cutting its valuation to $24 billion, 38% lower than the $39 billion it achieved in its last private financing in February 2021. The markdown, a rare move for a private company, could help Instacart reset investor expectations and allow it to pull off a public listing at a higher price amidst a sharp slowdown in growth last year. An Instacart spokesperson...

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