Source: The Economic Times (India)

Grocery delivery app Instacart raised its internal stock price by 18% in late February compared with December, The Information reported on Sunday, citing a person with direct knowledge of the matter.

Instacart’s improvement reflects financial results from December, January and February, as well as the stock performance of similar publicly traded tech companies, the report said, adding that the new price of stock issued to employees implies a valuation of about $12 billion, up from around.

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