Sources: Instacart slashed its internal valuation to ~$13B, its third cut in 2022 and 67% below its 2021 valuation, to reset investor expectations for its IPO (Erin Woo/The Information)

Erin Woo / The Information: Sources: Instacart slashed its internal valuation to ~$13B, its third cut in 2022 and 67% below its 2021 valuation, to reset investor expectations for its IPO  —  Instacart, the instant delivery company gearing up to go public, has slashed its internal valuation to about $13 billion, according to two people familiar with the matter.

Oct 14, 2022 - 22:49
182126
Sources: Instacart slashed its internal valuation to ~$13B, its third cut in 2022 and 67% below its 2021 valuation, to reset investor expectations for its IPO (Erin Woo/The Information)

Erin Woo / The Information:
Sources: Instacart slashed its internal valuation to ~$13B, its third cut in 2022 and 67% below its 2021 valuation, to reset investor expectations for its IPO  —  Instacart, the instant delivery company gearing up to go public, has slashed its internal valuation to about $13 billion, according to two people familiar with the matter.

This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.