Instacart Lands $2,300,000 Seed Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b138af1-4188-4e81-b214-353271a8f90e&Preview=1 - Date
10/26/2012 - Company Name
Instacart - Mailing Address
Undisclosed San Francisco, CA 94105 - Company Description
Founded by former Amazon.com Inc. employee Apoorva Mehta, Instacart wants to eliminate the trip to the grocery store altogether by using a team of smartphone-equipped drivers who get paid to shop and deliver goods on a customer’s behalf. - Website
http://www.instacart.com - Transaction Type
Venture Equity - Transaction Amount
$2,300,000 - Transaction Round
Seed - Proceeds Purposes
The company, which came through start-up incubator Y Combinator, said it has already served thousands of customers in the Bay Area and will use the money to expand to six additional cities. - M&A Terms
- Venture Investor
Canaan Partners - Venture Investor
Khosla Ventures
