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Grocery delivery giant Instacart raises $220M at a rumored $2B valuation

Instacart offers an app and website where customers can order groceries from local stores.

Image Credit: Myriapod, Flickr

Instacart, the grocery delivery startup backed by Andreessen Horowitz, has reportedly raised a massive $220 million funding round.

The round, according to Recode, may value the company at a jaw-dropping $2 billion. Reached by VentureBeat, Instacart declined to comment on the rumored valuation. The company did, however, confirm a raise of at least $210 million in a public filing with the SEC today.

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This round will bolster Instacart’s war chest as it faces growing competition from heavyweights like Google and Amazon, as well as from startups like Postmates and Wunwun.

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