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- The primary reason to go public was to make sure that employees and early investors receive liquidity. It had always been our intention to be publicly listed at some point. It's really a testament to the financial stability of the company that allows for it to go public at a time when there was no window.
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Sep 20, 2023 · How Apoorva Mehta struck gold with Instacart's $9.9 billion IPO. The company, the idea for which was seeded by an empty refrigerator in the founder's apartment, went public...
- Manu Balachandran
Sep 19, 2023 · The grocery delivery giant’s founder and former CEO speaks exclusively to Forbes about his decision to exit the board as the company debuts on the public markets at a fraction of its 2021...
Dec 11, 2023 · San Francisco: Apoorva Mehta’s grocery delivery startup Instacart went public in September amid a prolonged IPO drought that has hit the technology sector. The long-awaited and much-publicised public offering was expected to reinvigorate the IPO market in the US, but the San Francisco-headquartered company’s shares are still trading below ...
Sep 21, 2023 · The IPO marked the end of Apoorva Mehta's 11-year association with Instacart. He launched Instacart in 2012 after several other failed startups. It was while staring at his own empty refrigerator...
Sep 21, 2023 · Although the company did not maintain its initial 43% intraday gain, the IPO signaled the climax of Mehta’s 11-year association with Instacart, allowing him to exit with a monumental fortune.
An empty refrigerator and a brilliant business idea were all it took for Apoorva Mehta to become a billionaire at the age of 37. But who is actually Apoorva Mehta, and what path led him to...
Apoorva Mehta (born 1986) is a billionaire Indo-Canadian businessman and the founder of Instacart and Cloud Health Systems. [1] [2] As of September 2023 he had a net worth of $1.1 billion, owing to his 10% ownership share of Instacart and his stake in Cloud Health Systems. [3]
