Instacart Bags $265 Million in Consumers Love Affair With Online Grocery

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Delivery platform Instacart has raised $265 million in a Series I funding round led by investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Company LLC and T. Rowe Price Associates. The capital more than doubles Instacart’s valuation to $39 billion. Top line Instacart said it plans to use the new capital…

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