Investors pour $400 million into Instacart's battle with Amazon
Instacart just got a huge push.
The same-day grocery delivery startup announced a $400 million funding round on Wednesday, bringing its total valuation to a reported $3.4 billion.
The cash boost — the company’s biggest yet — comes on the heels of a string of ongoing spats over worker pay.
That controversy doesn’t seem to have dampened the confidence of the company’s investors, which include lead Sequoia Capital, Andreessen Horowitz, Khosla Ventures and Y-Combinator.
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Instacart’s success comes as some of its smaller Silicon Valley food-delivery peers struggle to hold