A study by NERA Economic Consulting found that Instacart was responsible for creating approximately 186,000 additional jobs in the U.S. grocery industry between 2013 and early 2020, with 70,000 of those added during the height of the pandemic.
To understand the significance of $17.7 billion, you have to look at where Instacart started the year.
The Pandemic Pivot: How Instacart Reached a $17.7B Valuation Instacart raises $200M more at a $17.7B valuation
Just four months later, it added another $200 million, reaching $17.7 billion .
In the high-stakes world of venture capital, timing is everything. For , the "time" was October 2020, when the grocery delivery giant announced a fresh $200 million funding round , catapulting its valuation to a staggering $17.7 billion . A study by NERA Economic Consulting found that
It raised $225 million at a $13.7 billion valuation.
After losing roughly $300 million in 2019, the company finally swung to a $10 million profit in April 2020. 3. Diversifying Beyond the Produce Aisle The Pandemic Pivot: How Instacart Reached a $17
The company was valued at approximately $7.9 billion .