Instacart slashes its valuation by nearly 40%

By Jeff Wells Source: Grocery Dive Instacart has slashed its valuation by nearly 40%, to around $24 billion, the company said on Thursday. It had posted a $39 billion valuation last year. The move comes amid slowing growth on Instacart’s marketplace and increasing competition from e-commerce companies like DoorDash. “We [...]

2022-03-28T15:52:33+00:00March 28th, 2022|Tags: , |
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