Instacart founder Apoorva Mehta is calling it quits
The author and govt chairman of the US-based firm Instacart, Apoorva Mehta, has stated that he will step down from his put-up following the organization’s IPO.
In line with an assertion released using the business, CEO Fidji Simo will succeed Mehta as board chair as soon as Instacart turns into a publicly traded enterprise.
For the reason that transitioning from CEO to government Chairman a year in the past, I have realized that I need to pursue a new intention and that I want to accomplish it with the equal unwavering determination that I had whilst constructing Instacart. Though getting off the board, I will be able to do it Mehta said in a tweet dispatched late on Friday.
After Mehta left his position as CEO of Instacart, Simo, a former employee of Facebook, took over and will now act as executive chairman of the board. “Mehta realized more than ten years ago that supermarket delivery was a critical consumer need.
He worked hard with the team to create and put into practice a successful approach that allows customers to receive same-day delivery from their chosen supermarkets, “said Simo.
Mehta established an organization that is transforming the grocery industry. For its Marketplace, Instacart collaborates with more than 800 national, regional, and local retail brands to offer online shopping, delivery, and pickup options from more than 70,000 retailers in more than 5,500 North American cities.