Instacart Wins $271mn in New Funding in November

(Reuters) Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters. The San-Francisco-based startup announced last month it had raised $600 million in a new round led by D1 Capital, the brainchild of former Viking Global Investors chief investment officer Daniel Sundheim.

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