One-hour delivery service that Amazon couldn't do, Instacart said it was about to raise $100 million.

Source: Internet
Author: User

Two years ago, when Amazon did not reach the same day, Apoorva Mehta, a former Amazon supply chain engineer, had an ambition to create an "one-hour delivery of Amazon". today, Instacart , who was founded by him, is said to have been talking about C-round financing for about $100 million, and the round will also make Instacart more than $2 billion in valuations.

If we Previously introduced , users can buy a lot of daily groceries directly through Instacart's mobile app, from farm produce to deli, wine, snacks, and cosmetics. Instacart provides fast purchase and delivery services on demand by the well-trained in all areas of the business, after orders are placed by the customer. Instacart will pay a fee for their services, and if you want them to be delivered in an hour, an additional $9.99 is required, and if you want to be delivered within 3 hours, you will need to pay an additional $3.99.

It was a company that had won $150 million in VCs in two years (counting the ongoing C-round), with investors including Silicon Valley's well-known Andreessen Horowitz, Sequoia, YC Sam Altman and Box founder Aaron Levie and K. Hosla Ventures, Canaan Partners. It is rumored that KPCB had hoped to invest Instacart in the last round of the $44 million B-round financing, and perhaps KPCB would be the main investor in Instacart .

and Instacart's rapid financing, mainly relying on its rapid geographical expansion and rapid growth of the company-from last September to this June, its revenue increased 15 times times, opened 10 cities in the United States, is expected to end next year, the United States in all major cities can see Instacart figure.

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did not reach Amazon for one-hour delivery service, Instacart is said to be financing $100 million

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