instacart
IPO activity has remained buoyant through the first half of 2021 and will likely continue Q2 2021 hedge fund letters, conferences and more Despite the novel coronavirus pandemic, last year saw several highly anticipated initial public offerings, or IPOs. According to FactSet data, the volume of IPOs more than doubled from 2019, with 494 IPOs raising a combined $174 billion, setting new records on both counts. Last year saw the debut of Airbnb (NASDAQ:ABNB), Palantir (NYSE:PLTR), Snowflake (NYSE:SNOW), DoorDash (NYSE:DASH), and Unity Software (NYSE:U), all of whom had blockbuster listings. And ...
ValueWalk
San Francisco (AFP) - High-ranking Facebook executive Fidji Simo put out word on Thursday that she has taken a new job as chief of Instacart grocery delivery service in the gig economy. Instacart founder and chief Apoorva Mehta confirmed the hire, saying Simo will take the Instacart helm on August 2 as he transitions to chairman of the board. "I'm so excited to join the Instacart team as CEO, and grateful to Apoorva for the trust he is putting in me," Simo said in a tweet. San Francisco-based Instacart bills itself as the leading online grocery platform in North America, its shoppers picking u...
AFP
San Francisco (AFP) - Instacart announced a new investment round Tuesday which values the fast-growing grocery delivery startup at $39 billion -- more than double the valuation of just five months earlier. The California startup said the coronavirus pandemic has highlighted the value of its service which is partnered with hundreds of retailers in the United States and Canada. The latest funding round of $265 million comes from existing investors including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Company LLC, and T. Rowe Price Associates. "Today'...
AFP
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