D1 Capital Partners

Grocery delivery firm Instacart is hoping to cash in on its value with a public stock offering.

Misfits Market’s business has boomed as more consumers shift to online grocery shopping, and now it has achieved a valuation of over $1 billion following a new $200 million funding round.

The company buys products directly from a manufacturer and distributes those goods throughout more than 250 micro-fulfillment centers. With its contracted driver network and a flat fee of $1.95, goPuff promises 30-minute delivery 24/7.