Why Did Instacart Cut Its Valuation $15 Billion? 🥕 | Grocery Delivery Platform News
Instacart has announced that the grocery delivery platform will drop its valuation from a frothy $39 billion to $24 billion. The delivery platform claims this move will help them recruit new talent with more attractive equity options but this move creates some big questions on how employees, acquired startups, and late stage investors that are in at $39 billion valuation will be made whole.
This is a tough situation but it’s something that we’ve seen coming for some time now. Overall I think it’s a good thing to see some of these VC darling company’s valuations come back down to earth a bit. With that said, Instacart CEO Fidji Simo will need to tread carefully here and make sure old employees and investors don’t get burned.
#Instacart #Delivery #Grocery
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