Despite plenty of uncertainty swirling around Instacart and its complex relationship with Whole Foods — now owned by Amazon — investors still seem to not be too worried, and are pouring a fresh big round of financing into the startup that values it at $4.2 billion.
Instacart said it raised $200 million in a new funding round this morning led by Coatue Management, as well as Glade Brook Capital Partners and existing investors. Instacart was last valued at $3.4 billion in a financing round in March last year — but that was prior to Amazon saying it would acquire Whole Foods in June. Instacart, to be sure, has a very wide network of grocery providers and partners, but Whole Foods was seen as one of the largest in urban areas in the United States. Instacart has raised close to $900 million in total funding.