Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.
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InstaCart employees fulfill orders for delivery at the new Whole Foods store in downtown Los Angeles, Calif.
Ellen Huet and
Grocery-delivery startup Instacart is said to be in talks with investors to raise about $400 million, more than two years after its last major round of funding.
The new funding would value the San Francisco company at $3 billion, according to people familiar with the matter. The startup, which uses workers to pick groceries off the shelves of stores such as Whole Foods and deliver them to customers' doorsteps, previously raised funding in January 2015 at a $2 billion valuation. Sequoia Capital, which already has a stake in Instacart, is likely to lead the round, one of the people said.