What is Apoorva Mehta's Net Worth?
Apoorva Mehta is an Indian American businessman and entrepreneur who has a net worth of $1.2 billion. Apoorva Mehta is best known as the CEO of grocery delivery service Instacart.
He was born in India and moved with his family to Canada in 2000. Mehta studied at the University of Waterloo and worked for Blackberry, Qualcomm, and Amazon. He co-founded Instacart in 2012 after failing with 20 other startup ideas. He started off making deliveries himself. For a fee typically under $10, Instacart customers can order groceries through a mobile app that are delivered in an hour or two. The company raised $220 million at a $2 billion valuation in 2015. At that point his net worth was $400 million paper. In 2018 the company raised money at and $8 billion valuation, leaving him with an $800 million net worth. In 2020 the company raised money at a $13.7 billion valuation, leaving Apoorva with a net worth of $1.2 billion, crossing billionaire status for the first time.
Instacart's revenues exploded by more than 500% in the wake of Coronavirus.
