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Instacart's insane valuation growth


Instacart’s insane valuation growth
$265M funding round more than doubles company’s valuation from last October
257 3 minutes read
Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion. (Photo: Instacart)
Instacart has announced a $265 million venture fundraising round, putting the total value of the company at $39 billion more than double what it was just six months ago.
The round involved existing investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Co. LLC, and T. Rowe Price Associates Inc.
“Today’s fundraising reflects the strength of Instacart’s business, the growth our teams have delivered, as well as the incredible opportunity ahead. This past year ushered in a new normal for millions of people and changed the way we shop for groceries and goods,” the company wrote in a blog post. ....

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Instacart Appoints Operations and Product Leader Asha Sharma as Chief Operating Officer


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SAN FRANCISCO, CA - More Instacart news has come rolling in as the company continues to make changes to its leadership team, recently announcing that it has appointed Asha Sharma as
Chief Operating Officer.
Instacart has become a fixture in our homes one of the few products that are essential every single week in the flurry of life, including my own. I m proud to join the team during such a pivotal time as Instacart continues to change the way people connect with the retailers they trust to get the groceries and goods they need, said Sharma. I m passionate about working on products that have a real-world impact on people around the world. I believe Instacart has only scratched the surface of what s possible, and I look forward to working with Apoorva and the team as we focus on developing new experiences that ....

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Instacart Names Facebook Product Chief as COO


Executive Editor
Asha Sharma joins Instacart from Facebook, where she was VP of product for many of the company’s private communications products across Facebook, Messenger and Instagram.
Instacart, one of the most hotly anticipated IPOs in 2021, has tapped a product executive at Facebook to become its next chief operating officer.
Asha Sharma will become COO in mid-February and will report directly to Instacart Founder and CEO Apoorva Mehta. 
“Solving for the customer is at the core of everything we do at Instacart. We believe that our long-term success will be driven by creating products that exceed customer expectations at every touch point,” said Mehta. “To help achieve that, we’re welcoming an exceptional operator and entrepreneurial product leader in Asha Sharma to serve as our new Chief Operating Officer. Asha’s known for building strong teams in high growth environments and creating product experiences that are beloved by ....

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