---
title: "Instacart Raises $600 Million, Now Valued at $7.6 Billion"
url: https://burnaze.com/article/92573ab5-6a76-449b-ab04-924ab1f21be4
source: "1851 Franchise"
original_url: https://1851franchise.com/instacart-raises-600-million-now-valued-at-76-billion-2708188
category: "Technology"
topics: ["Technology","Finance & M&A"]
published: 2018-10-16T18:13:01.000Z
modified: 2026-11-01T04:08:42.996Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/ececac314bafa256622b50d997b9aaf79460.jpg
---

# Instacart Raises $600 Million, Now Valued at $7.6 Billion

**TL;DR:** Instacart has raised $600 million in funding, increasing its valuation to $7.6 billion. The company's CEO, Apoorva Mehta, expressed excitement about the enormous opportunity ahead in the U.S. grocery market.

*originally published in 1851 Franchise on 2018-10-16. [Read the original](https://1851franchise.com/instacart-raises-600-million-now-valued-at-76-billion-2708188).*

## Story

Grocery delivery service Instacart has raised $600 million in funding and is now valued at $7.6 billion, according to a TechCrunch report.

This latest round of fundraising news comes six months after the company raised $150 million and about eight months after a $200 million financing, according to the article.

“2018 has been a really big year for us,” Instacart CEO Apoorva Mehta told TechCrunch. “The reason why we are so excited is because the opportunity ahead of us is enormous. The U.S. is a $1 trillion grocery market and less than 5 percent of that is bought online. It’s an enormous category that’s highly under-penetrated.”

## Entities

- 1851 Franchise (publication)
- General (sector)
- funding round (topic)
- valuation (topic)
- Instacart (company)
- grocery delivery (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/instacart-raises-600-million-now-valued-at-76-billion-2708188). Summarized by Burnaze (https://burnaze.com/article/92573ab5-6a76-449b-ab04-924ab1f21be4).