Valiant Slashes Instacart Valuation

Here’s how Tiger Grandcub Chris Hansen has positioned his hedge fund for the third quarter.

Tiffany Hagler-Geard/Bloomberg

Tiffany Hagler-Geard/Bloomberg

Instacart’s private valuation continues to be discounted.

The most recent setback: Chris Hansen’s Valiant Capital Management has marked down the online grocery delivery company to $31 a share from $74 per share in the first quarter, a 58 percent reduction, according to the firm’s second-quarter letter, obtained by Institutional Investor.


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