
Instacart Founder Apoorva Mehta Now Is Billionaire after Selling Stake Post-IPO
Mehta stepped down from his role as the company’s CEO last year and following Tuesday’s IPO, will cease to serve as Executive Chairman.
Founder of Instacart.
Apoorva Mehta is an Indian-Canadian businessman. He founded the grocery delivery company Instacart and in 2020, Mehta became a billionaire at the age of 33. As of 2021, his company was valued at $39 billion. On September 19, 2023 the company had their IPO at $30/share valuing the company at an approximate price of $10 billion.
Instacart
University of Waterloo, Electrical engineering
Blackberry - Design engineer
Qualcomm - Design engineer
Amazon - Supply-chain engineer (2008-2010)
Mehta stepped down from his role as the company’s CEO last year and following Tuesday’s IPO, will cease to serve as Executive Chairman.