DST Global and General Catalyst led a $225m funding round in Instacart at $13.7bn valuation.

Private equity firm DST Global and General Catalyst led a $225m funding round in Instacart, a same-day grocery delivery service company. The round saw participation from the existing investor D1 Capital Partners. "It's been remarkable to watch the Instacart team, in these unprecedented times, not only successfully scale its operations and technology to serve customers, but also provide earning opportunities for hundreds of thousands of shoppers, as well as continued business for its retail partners. We are excited to partner with Apoorva and the Instacart team as they deliver long-term value for customers, shoppers, retailers and advertisers for years to come," Saurabh Gupta, DST Global Managing Partner.