Instacart Founder Exits With $1.1 Billion Fortune After IPO
- Apoorva Mehta steps down as grocery-delivery firm’s chairman
- His net worth has dropped from a high of $3.5 billion in 2021
This article is for subscribers only.
Instacart co-founder Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering.
Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.