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Instacart raised $265 million, it said Tuesday. The money could go toward lowering fees or adding perks to attract new retailers. But experts say DoorDash will soon be a strong competitor in the grocery delivery space.  It seems like the sky s the limit for what customers can get delivered from Instacart and for how much capital the company can raise. The company raised another $265 million from previous backers including Andreessen Horowitz, Sequoia Capital, and D1 Capital Partners, it said Tuesday. The latest round of funding more than doubled its valuation to $39 billion.  They continue to be brilliant at raising money, Phil Lempert, a grocery analyst said. And as the company looks to IPO this year, that cash hides a lot of sins, he said.

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