Instacart Is Leading the ‘Fight Against Amazon,’ CEO Simo Says

Three months into her job as chief executive officer of Instacart Inc., Fidji Simo is making her mark on the grocery delivery startup, determined to prove the company isn’t just a pandemic phenomenon and that its business model is resilient enough to withstand the scrutiny of public markets. 

A stock offering for the company, which has a private market valuation of about $39 billion, “will happen at some point,” Simo said in an interview with Bloomberg. For now, Instacart’s focus is “building a company that will stand the test of time.”