Instacart is slashing its valuation by almost 40% to $24B, down from $39B from March 2021 when it raised $265M (Bloomberg)

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Bloomberg:

Instacart is slashing its valuation by almost 40% to $24B, down from $39B from March 2021 when it raised $265M  —  Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.