On-demand grocery delivery startup Instacart cuts its valuation by about 40% to $24 billion to reflect selloff in tech stocks
In March 2021, Instacart doubled its valuation to $39 billion after raising $265 million in funding. It was the second time Instacart doubled its valuation since the start of the pandemic in February 2020, making the on-demand grocery delivery startup the second-largest U.S.-based […]