Recode.net reports that Instacart closed a $220 million investment on Tuesday in a regulatory filing, which now values the company at around $2 billion.
Instacart is based out of San Francisco, and it allows customers to order groceries online from local grocery stores like Whole Foods and Costco. Then their orders would be delivered to them on the same day.
They’re also supposed to get involved in more categories than just groceries, which will certainly cut into the services of companies like Amazon and Target.
Whether it’s Instacart, Amazon or Google, people can be assured of the fact that they’ll soon be able to get their groceries delivered to them the same day they order them, which will save everyone some time.