Instacart 's valuation plummets to $13B amid IPO plans

By  
Artur Stańczuk
February 24, 2024
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Summary:

Instacart has faced its third valuation cut this year, plummeting to $13B from a high of $39B in 2021. The company's move to slash valuation and lay off 250 workers signals a strategic pivot as it prepares for an IPO in a volatile market.

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