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Instacart raises $600M in latest funding round

Online grocery delivery company Instacart raised $600 million through a financing round led by D1 Capital Partners. The company's valuation is $7.6 billion.

Instacart offers same-day grocery delivery and serves more than 15,000 grocery stores in 4,000 cities. It will use the capital to expand in North America, invest in marketing efforts, and hire engineering and product development staff.