Apoorva Mehta is the founder and CEO of an online grocery company called Instacart (headquartered in San Francisco, California). Today, the Indian-American businessperson has become one of the youngest billionaires globally. He is counted among the richest entrepreneurs of America after witnessing an exponential jump in his wealth due to the success of his grocery services business.
Apoorva started the same-day delivery and pick up services app back in 2012, reportedly after failing 20 times over 2 years in his attempt to launch a successful start-up. Some of them included e-commerce marketplace for food, gaming ad networks, and social network for lawyers. These failures taught him an important lesson that one should start a company to solve a problem and not just for starting one. And that turned his focus to the inconvenience of shopping for groceries for a busy person and consequently, led to the birth of his online grocery ordering and delivery services firm.
To make this happen, Instacart CEO Apoorva decided he will not visit the grocery store until his app was ready and worked day and night on this. He created the first version of the app by himself. He started the company with Max Mullen and Brandon Leonardo.
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Some of the competing companies for Instacart are:
- Amazon Fresh
- Walmart Grocery
Salary & Net Worth – Investors, Funding, & Valuation
The Instacart CEO’s net worth as of 2021 is estimated to be around USD 3.5 billion. In 2020, his stake in Instacart was estimated to be around 10%. In last eight years, the company received roughly about USD 2.5 billion in funding from leading investors like Sequoia, Khosla Ventures, D1 Capital Partners, Fidelity Management & Research Company, Andreessen Horowitz, and T. Rowe Price Associates. Instacart’s valuation soared to USD 39 billion after the fresh round of investment of USD 265 million in early 2021..
Career & Education – Company, University, & College
Instacart President and CEO Apoorva started his career with Blackberry and Qualcomm as a design engineer before moving to Amazon in 2008. He was a supply-chain engineer at the e-commerce giant. He built order fulfillment systems to transport packages from Amazon facilities to customers’ addresses. After leaving his job at Amazon, Mehta went to San Francisco city in 2010 to settle down and begin his entrepreneurial journey. From 2010 to 2012, he worked on almost 20 ideas, but all of them were doomed. One of them included LegalReach, a social networking platform to help lawyers to interact and cooperate.
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Learning from his continuous failed attempts, Mehta realized that problem-solving has to be the company’s key focus. Consequently, he founded the online grocery delivery app Instacart in 2012 so that busy people don’t have to rush for grocery shopping every week.
Mehta holds a degree in electrical engineering from the University of Waterloo.
Contact Apoorva Mehta – Email Address | Twitter | LinkedIn
Instacart Customer Care Number | Help & Support
Seniors can call customer support at 1.844.981.3433 from 8am to 11pm ET. Others can dial 1-888-246-7822 for help.
Apoorva Mehta Wiki – Age, Wife, Family, & More
Mehta (age 35) was born in India in 1986. Soon after his birth, Mehta’s family traveled to Libya, and when he was 14, they landed in Canada in 2000. The Indian-American entrepreneur was the first customer and personal shopper on his own app. He would order his groceries, pick them, and deliver them to himself while testing the utility of his on-demand grocery delivery app.
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