business news in context, analysis with attitude

Bloomberg reports that "online grocery delivery startup Instacart Inc. has raised a $400 million round of venture funding ... With the additional capital, the San Francisco-based company’s valuation has risen to $3.4 billion."
KC's View:
It just got more expensive for someone to come in and buy Instacart, I'd guess. Which always has struck me as the inevitable end to this saga.