Grocery Delivery Firm Looks To Raise $616M In High-Stakes IPO, Targeting $7.7B Valuation

This post was originally published on Forbes Middle East

Instacart, a US-based grocery delivery giant, said Monday it plans to raise up to $616 million of fresh capital along with existing shareholders who are looking to cut their stake in its highly-anticipated initial public offering (IPO), while seeking up to a $7.7 billion valuation.