T. Rowe Price completed a $100m investment in Instacart.

T. Rowe Price, a Maryland-based investment management firm dedicated to funding technology startups, completed a $100m investment in Instacart, an American company that operates a grocery delivery and pick-up service in the United States and Canada. This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.