Instacart Cuts Valuation By 40%: Bloomberg
American grocery company Instacart Inc has slashed its valuation by 40% to about $24 billion, Bloomberg reported. The food-delivery startup had been valued at $39 billion in its most recent fundraising round, the report added. The pandemic darling hoped the move to boost talent retention. Factors like higher interest rates, inflation, and a…
Benzinga ·
Benzinga
