Lowe's Companies (LOW) announced that same-day delivery is now available from more than 1,700 Lowe's stores nationwide through a partnership with Instacart (ICART).
Capital Group marked Instacart shares at $45.84 apiece at the end of June, the asset manager said in a report on the website of its New Economy Fund. That makes it the second major investor in recent weeks to say that Instacart’s own estimate is now obsolete.
It’s not a done deal, but San Francisco-based grocery delivery platform Instacart is testing the waters for a potential IPO. The company said that it had confidentially filed to go public, despite a slashed valuation in March from $40B to $24B. Founded in 2012, Instacart has raised a total of $2.9B in funding over 20 rounds.