The unicorns are still at it, Vision Fund 2 or no Vision Fund 2. This week, Instacart announced that it has actually raised fresh capital at an assessment north of $13 billion. And, on the tail of that news item, news broke that DoorDash is aiming to include more cash at an evaluation that could extend to a pre-money valuation that surpasses$15 billion, according to The Wall Street Journal. Both announcements make it plain that late-stage unicorns are still able to attract huge sums regardless ofa putatively unsure, if just recently excitable IPO market.
It’s a fascinating state of affairs, as the rates that super-late-stage unicorns have the ability to charge personal financiers push their evaluations so high that only the largest and richest companies might be able to pay for buying them. The result could be a closed M&A window that leaves just an exit hatch marked “IPO.”
Amazon, for example, paid around $13.7 billion for Whole Foods, a chain of U.S. grocery stores that the technology giant likewise uses as circulation points for parcel shipment. Instacart, the grocery delivery service, is now worth $13.7 billion too.
As the private company’s final financiers won’t want to simply break even on their financial investment, < a class="crunchbase-link" href="https://crunchbase.com/organization/instacart" target =" _
blank” data-type=”company” data-entity=”instacart” > Instacart Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.