Following infusions of capital by investment groups in October 2018 and June 2020, Instacart received $200 million from Valiant Peregrine fund and D1 capital partners.  Instacart now is valued at $17.7 billion.  The company has expanded from groceries into beauty care and home goods and claims a support base of 500 retailers delivering from 40,000 store locations.

In commenting on the investment in his company, Founder and CEO, Apoorva Mehta stated, “Today’s investment is a testament to the strong conviction our existing investors have in the strength of our teams and the important role Instacart plays for customers, partners, and the entire grocery ecosystem.”