Instacart co-founder Apoorva Mehta to step down once the unicorn goes public

Instacart co-founder Apoorva Mehta has announced he will step down as the company’s executive chairman once the company goes public.

Mehta will also transition off the board of directors.

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“Since I transitioned from CEO to Executive Chairman a year ago, I realised that I want to pursue a new mission and I want to do it with the same singular focus that I had while building Instacart,” Mehta said on Twitter.

“Stepping off the board will allow me to do just that.

“Instacart has an enormous opportunity ahead and I have confidence in the team’s ability to achieve its full potential. Onwards!”

Mehta previously held the role of chief executive before moving on to take the executive chairman position.

Former Facebook executive Fidji Simo will take over from Mehta, the company said in a press release.

On Twitter, Simo thanked Mehta “for all he has done for Instacart over the last decade.”

In a press release, she said that “as CEO and future Chair, I look forward to working alongside our retail partners to shape the next decade of grocery’s evolution.”


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