Rank #3056
Apoorva Mehta
Net worth $1.1B
Grocery delivery service · Canada
- Born
- Jul 19, 1986
- Age
- 39
- Source
- Grocery delivery service
- Residence
- San Francisco , California
- Citizenship
- Canada
- Marital status
- Single
- Children
- 0
- Education
- Bachelor of Arts/Science, University of Waterloo
Net worth over time
Biography
- Apoorva Mehta is the executive chairman and founder of Instacart, a San Francisco-based grocery delivery firm most recently valued at $13 billion.
- Born in India, Apoorva lived in Libya before moving to Canada, where he eventually studied engineering at the University of Waterloo.
- He worked as an engineer at Blackberry, Qualcomm and Amazon before leaving his job to be an entrepreneur in 2010.
- He came up with ideas for around 20 products (none worked out) before starting Instacart in 2012.
- With Instacart, customers order groceries online from brick and mortar stores, then they are packed and delivered by an Instacart shopper.
- Before founding Instacart, Mehta tried to create a product focused on social networking for lawyers.
- In Instacart's early days, orders often came in without a shopper available, so Mehta, who did not own a car, made the deliveries himself via Uber.
Financial assets
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