Apoorva Mehta is the founder of the grocery delivery company Instacart, an American company. He is the executive chairman of the San Francisco-based delivery firm.
Apoorva co-founded this firm along with Max Mullen and Brandon Leonardo in 2012. Before Instacart was founded, Mehta tried many startups, but eventually, none of his companies worked.
This unicorn company Instacart boomed after around 20 failed startups which is an inspiration to many worldwide.
In an interview with LA Times, Apoorva Stated, “After going through all these failures, releasing feature after feature, I realized it wasn’t that I couldn’t find a product that worked, I just didn’t care about the product.”
Instacart now has a turnover of billions and is tied to many well-known companies like Walmart and Lowes.
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Quick Facts: Apoorva Mehta
|Birth Name||Apoorva Mehta|
|Age||37 years old|
|Sun Sign/Zodiac Sign||Leo|
|Date of Birth||August 12th, 1986|
|Mother’s Name||Under Review|
|Father’s name||Under Review|
|Weight||56 kg (123 lbs.)|
|Shoe Size||37 (EU)|
|College/University||University of Waterloo|
|Net Worth||$1.2 billion|
|Annual Salary||Under Review|
|Last Updated||March 2023|
What Is Instacart?
There might be a lot of keen eyes to know what Instacart is. It is online-based e-commerce where people from Canada and America can order their daily groceries.
Instacart has made the lives of millions of people easier with its services. Instacart was started in 2012 when the same-day delivery feature took the interest of many individuals.
With e-commerce reaching its first decade, the services are bound to extend to the local people. Not only after the COVID hit, but people have also depended more upon the online services.
At this present time, there are more than 200 employees in Instacart. Not only that, there are more than 2000 active customers daily for the Instacart e-commerce website. Well, a positive step towards success.
Apoorva Mehta Early life
Mehta was born in Jodhpur, India, in 1986. Shortly after he was born, he moved to Libya, and when he was 14 years old, he moved to Canada.
The details about his parents and siblings are yet to be found. Although there is no information on his siblings, one can say he was well brought up to take the business into his own hands.
Apoorva Mehta Ethnicity and Nationality
The entrepreneur belongs to the Asian community (Aaryan ethnicity). Both his parents are from India. Mehta is an Indian as he was born in India, moved to Canada, and lived in Libya.
Apoorva Mehta Age and Height
The Instacart founder, Apoorva age is 35 years. His height is 5 ft 4 inches. Mehta is known as one of the most eligible bachelors in India. Mehta weight is 54 kg.
Mehta is a fit character when we talk about the business world. With the daily workout and healthy diet, Apoorva has been able to keep the bar high for himself.
Sadly there is no information on the shoe and dress size of the entrepreneur. If something fruitful comes up, this same space will provide the information.
In 2008, he completed his Electrical Engineering degree from the University of Waterloo, Ontario.
After his graduation, he went on to work as a design engineer with ‘Blackberry’ and ‘Qualcomm.’ The billionaire also worked at a steel factory for a short period.
After working for various companies, Mehta got a job in Amazon, Seattle, as a Supply Chain Engineer, where he worked for a short period. Working for Amazon made him realize his interest in software development and challenges.
He left Amazon during the year 2010. Between 2010 and 2012, the billionaire launched 20 startups, all of which failed.
The Inspirational Startup story of Mehta’s Life
During his tenure at Amazon, he realized that for him, the corporate world is an obstacle to learning; hence, growth is hindered. The role as a supply chain engineer, however, made him realize his passion for software development.
Eventually, Mehta quit Amazon in 2010 and started focusing on various ideas for startups. After quitting, Apoorva moved to San Francisco and devoted his time to developing new ideas and implementing his knowledge in them.
The entrepreneur, before Instacart, tried his hands on 20 startups. Mehta once tried launching an advertising network for Social Gaming companies.
He also launched an app called ‘LegalReach,’ solely for a better network within the lawyer community. Unfortunately, this venture didn’t work. Apoorva and his partner shut the portal down and parted ways.
Learning from his failures and applying the learnings, Mehta started looking for ideas from his daily life. He didn’t own a car in San Francisco.
Hence, the desired grocery brand and ingredients were complex for him to find nearby. He then took up this problem and used his knowledge to solve it.
Mehta also learned the lesson “Timing is everything” from the failure of a similar app/site Webvan launched in 1996. Finally, in 2012, in less than a month, Mehta launched Instacart.
The startup boomed within weeks and reached the expected profit margin in five years within five weeks. When he launched the app, he bought groceries, went to pick them up, and delivered them to himself as a test run.
The actual hike happened during the pandemic when people feared going out grocery shopping.
Instacart Expansion Issues
During the expansion, Mehta faced a class-action lawsuit in 2015. The case was related to the worker. The workers who shopped for and delivered the groceries were misclassified as independent contractors.
Hence, Apoorva decided to make Instacart’s shoppers his part-time employees with few benefits like health insurance.
Awards and Accomplishments
Grabbing a lesson from 20 failed attempts, Apoorva successfully launched his website and app, Instacart, which is now flourishing.
In 2016, Mehta was included in the ‘America’s Richest Entrepreneurs under 40’ list.
Apoorva also earned a place on the ‘Forbes 30 under 30 – All-star-Alumni list 2017. In January 2015, Forbes named Instacart ‘The most promising company in America.’
In 2020, Instacart won:
- The best company for Diversity 2020, the Best company for work-life balance
- Best company Happiness
- Best Professional development 2020
- Winner of Best leadership teams 2020
- The best CEOs for diversity 2020
Who is Apoorva Mehta’s Wife?
This is an exciting topic to discuss. Apoorva is a very hardworking individual who has the least time to make the things called love. Until this point, though, he is not married to anyone.
Not only that, any news of engagement doesn’t come through the media stream. What surprises everyone is his being single. Not only are they getting into the bond of marriage, but Mehta also is not dating anyone.
He likes to keep a fine distinction between his professional and personal life. Henceforth anything in the love interest of the man is a distant dream. However, if something pops up, readers will be made aware of it.
Apoorva Mehta Net Worth 2023
Apoorva Mehta net worth is $1.2 billion. His company Instacart’s $265 million funding round sent the grocery app’s value to $39 million in March 2021.
The new valuation adds more than $1 billion to the net worth of the executive chairman. The company grew over 300% yearly and is flourishing to a new height every day.
IT expert Mehta became a billionaire at 33 and had a 10% stake in the company.
Social Media Presence
Apoorva Mehta rose to fame after he started Instacart. For someone so indulged in the online business world, their presence in social media shouldn’t baffle many people.
Twitter– 17.7k followers
Interesting facts about Apoorva Mehta
- When Apoorva founded Instacart, he tried to apply for funding through Y-Combinator but missed the deadline. He eventually got a meeting appointment by sending a pack of beer to a Y-combinator partner using his delivery service app.
- The billionaire stepped down from the position of CEO to make space for Fidji Simo, who he felt would be better for the position than him. He is now the executive chairman of the company.
- Apoorva failed in 20 startups and got success in his 21st
- He stayed in Libya during his childhood.
- Mehta worked for Amazon.
- The entrepreneur became a billionaire at the age of 33.
- He is the owner of a unicorn company.
Frequently Asked Questions
Is Instacart an Indian company?
As a matter of fact, Instacart is an American company that regulates grocery delivery and pick-up service in the United States as well as in Canada.
How much is Apoorva Mehta worth?
As of 2023, Apoorva Mehta net worth is $1.2 billion.
Is Apoorva Mehta Indian?
Mehta is indeed an Indian as he was born in India, moved to Canada, and lived in Libya.
Who uses Instacart the most?
About 70% of the customer are women on Instagram. Similarly, about 61% of the customers are 25 to 44 years old, and 50% have children under 18.
Does Instacart have a competitor?
Instacart regards door dash, Postmates, GrubHub, and Blue Apron as its biggest competitor.
What is Apoorva Mehta doing now?
Currently, Mehta is now working as the executive chairman of the company.
Why did Apoorva Mehta step down?
As Mehta had been working for Instacart for a decade, there was a lot of chaotic management during his reign. There were trophy hunting and a vice-like grip on product management.