Instacart raises another 100 million in funding to expand further during the US online grocery boom

Get the Full StoryInstacart has raised another 100 million in funding to add to the 225 million it raised in June, giving the company a valuation of 13.8 billion.

The company has been growing quickly during the coronavirus pandemic as more consumers opt for online grocery delivery.

This new funding will allow the company to scale the business further.

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Instacart has raised another 100 million in funding, giving the company a 13.8 billion valuation.

The news was first reported by Axios on Friday and was confirmed in a statement to Business Insider. See the rest of the story at Business InsiderNOW WATCH: Why thoroughbred horse semen is the world's most expensive liquidSee Also:Costco cuts back on the senior shopping hours it introduced at the start of the COVID-19 lockdownKroger developed its own at-home COVID tests and is giving them to employees for freeThe largest fast-food franchisee in America, which owns 1,600 Pizza Hut and Wendy's locations, files for bankruptcySEE ALSO: The coronavirus pandemic is pushing more people online and will forever change how Americans shop for groceries, experts say

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