Instacart leads string of grocery delivery deals
March 3, 2021
Instacart's newly announced $265 million funding round capped a flurry of deals amid growing investor vigor and consumer demand in the grocery delivery space.
- The financing values Instacart at $39 billion, more than double the $17.7 billion it was worth after picking up a $200 million round in October. Existing investors in the Bay Area company, including Andreessen Horowitz, Sequoia and Fidelity Management & Research, led the new round.
- Czech company Rohlik has raised €190 million (around $230 million) in funding led by Partech. The startup offers grocery delivery services throughout the Czech Republic, Hungary and Austria, and plans to expand globally.
- Fresh produce-focused online supermarket Crisp has raised €30 million in a round led by Target Global. The Dutch startup, which also offers delivery, will use the funds to grow its network of producers and expand its electric vehicle fleet.
- Target Global also led a $52 million seed investment in Berlin-based Flink, TechCrunch reported. The grocery delivery company operates dark stores across Germany and is expanding into the Netherlands and France, the report said.
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