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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Instacart mulls direct listing

Grocery delivery unicorn is considering going public through a direct listing instead of a traditional IPO, according to a Reuters citing unnamed sources.

The heavily funded, San Francisco-headquartered company is reportedly considering the direct listing route out of concern that an IPO would result in shares being initially priced too low. This comes in the wake of other large, recognized venture-backed unicorns, and , which went public last year with big first-day pops.

Although first-day gains are common with IPOs, companies and their stakeholders often complain when pops are too large, as they end up leaving money on the table. In a direct listing, companies go public without raising money through a stock sale.

Currently, Instacart is in no need of fresh cash, having just raised $265 million in a funding round at a reported valuation of around $39 billion.

— Joanna Glasner

Funding rounds

SiCepat raises $170m for logistics: Indonesia’s , a provider of logistics for e-commerce, that it has raised $170 million in a Series B funding round backed by a syndicate of global investment firms. The company, which says it is currently profitable, provides services for last-mile delivery, warehousing and fulfillment, middle-mile logistics, and other areas.

— Joanna Glasner

Dija lands $20M for fast grocery delivery: London-based , a startup offering groceries delivered to customers’ doors in under 10 minutes, is launching its service with $20 million in a funding round backed by , 听补苍诲 .

— Joanna Glasner

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