Grocery startup Instacart raises $200 mn at $4 bn valuation
US-based grocery delivery startup Instacart has raised $200 million in funding led by Coatue Management and Glade Brook Capital Partners. The round which also saw participation from existing investors, valued the startup at $4.2 billion, according to reports. Founded in 2012, Instacart is an app-based startup that allows customers to order groceries and get them delivered.