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Instacart Investor Slashes Valuation to $14.7 Billion

By
Erin Woo
· · Source: Bloomberg

An investor in Instacart has cut the grocery delivery startup’s valuation to $14.7 billion, the latest sign of how investors have become more pessimistic about the outlook of highly valued tech startups after a sell-off in public tech stocks. The new valuation by Capital Group, a financial services company, is well below Instacart’s own internal calculation of $24 billion. Fidelity and T....

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