Instacart, the grocery delivery startup that has a partnership of sorts with Whole Foods, is raising $150 million in funding, Axios first reported. This is on top of Instacart’s $200 million raise at a $4.2 billion valuation in February.
Instacart has since confirmed the raise, bringing its total Series E round up to $350 million with a valuation of $4.35 billion.
The additional funding comes shortly after Amazon, owner of Whole Foods, announced free two-hour delivery of natural and organic products from Whole Foods via Prime Now.
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