One of the big players in the on-demand grocery delivery business just got bigger.
Instacart recently announced it has raised another $400 million from investors, primarily the venture capital firm Sequoia Capital. That means Instacart — a startup — is now worth $3.4 billion, Bloomberg reports.
The new round of capital also means Instacart is expanding, the company says in a blog post. Since January 2016, it has grown from 18 to 35 markets. This year, Instacart plans to expand to 60 markets or more.
So if you live in any of those markets, you could make money buying and delivering groceries for Instacart customers, who order groceries via Instacart’s website or app. Check out Instacart’s “Service Areas” page to see which cities it currently serves.
Even if you already have a job, you can bring in extra money working for Instacart on the side. Its website notes:
“Instacart values flexibility. You can schedule Instacart shifts around your own life. We don’t have a minimum number of hours each week. Positions that require a car have an unlimited number of hours per week, and positions without cars have a max of 29 hours per week.”
Instacart hires for four positions:
- Shopper (part-time employee, no car required)
- Cashier (part-time employee, no car required)
- Driver (independent contractor, car required)
- Driver + Shopper (independent contractor, car required)
Similar companies include Peapod and Shipt.
To learn more about how on-demand grocery delivery services work and how you can make money working for one, check out “How to Make Extra Dough by Buying and Delivering Groceries.”
Have you ever worked for a company like Instacart, or would you try it? Let us know below or on our Facebook page.