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.”
