retail news in context, analysis with attitude

Instacart, the e-grocery delivery service, announced this week that "it has closed a $220M round of Series C financing led by Kleiner Perkins Caufield & Byers. Other participants in the round include Comcast Ventures, Dragoneer Investment Group, Thrive Capital, Valiant Capital and previous investors Andreessen Horowitz, Khosla Ventures and Sequoia. This brings Instacart’s total funding to date to approximately $275M."

Instacart Founder and CEO Apoorva Mehta said that the company "plans to apply the funds primarily toward category expansion, continued geographic growth and technology enhancements."
KC's View:
And then, they'll sell Instacart to Google or eBay or Yahoo or Amazon and make a fortune. Count on it.