Good morning! Ellevest exits its automated investing business, Mira Murati’s new startup is reportedly hitting a $9 billion valuation, and two Instacart alumni tackle liquidation inventory.
- Shopping for a deal. During her time as director of product management at Instacart, Camille van Horne mastered moving inventory from point A to point B. Last year, she and her Instacart engineering colleague Ashish Sinha left the grocery business to move product on a larger scale—around the world.
The duo are the cofounders of Highstock, a six-month-old platform that facilitates transactions between brands selling off excess inventory and discount buyers across the globe. The startup with a team of six has raised $5.5 million from lead investor Greylock and Instacart cofounder Max Mullen, Fortune is the first to report.
