The Briefing: Instacart Valued At $39B, Vizio Files To Go Public, And More
Summary
Existing investors Valiant Peregrine Fund and D1 Capital led the investment Reuters reported in November that Instacart chose Goldman Sachs to lead a 2021 IPO at a $30 billion valuation. The new funding will go toward increasing Instacart’s corporate headcount by 50 percent this year, as well as in product development for its business units. The Colombian company, which has presences in Brazil and Israel, is developing a data cloud to identify and track coffee quality with full traceability. The San Francisco-based company is focused on the smart cold chain, building IoT-powered temperature monitoring and analytics to prevent food, product and energy waste. Oscar’s health insurance model includes free virtual care appointments and a program for Medicare-eligible adults.