BillionaireNet
Mehta
Apoorva Mehta
Rank #2705
CANADATechnologyGrocery delivery service

Apoorva Mehta

Net Worth
$1.291B
-1.55% (24h)
Apoorva Mehta (born 1986) is a Canadian-American entrepreneur, best known as the founder of Instacart, a leading grocery delivery service. With a net worth of $1.2 billion, Mehta's success stems from his vision to revolutionize the grocery industry. He studied electrical engineering at the University of Waterloo, worked at Blackberry, Qualcomm, and Amazon before launching Instacart in 2012. His career is marked by innovation, including his inclusion on the Forbes 30 Under 30 list in 2013 and the Time 100 Next in 2021.

The Full Dossier

Early Life

Apoorva Mehta was born in Jodhpur, India, in 1986. His family moved to Libya shortly after his birth and then to Hamilton, Ontario, Canada, when he was 14. This nomadic childhood fostered adaptability, which would be useful for his future entrepreneurial ventures. Mehta developed a dislike for grocery shopping while growing up.

Rise to Success

Mehta graduated from the University of Waterloo with a degree in electrical engineering. He worked briefly as a design engineer at Blackberry and Qualcomm and then joined Amazon in 2008 as a supply-chain engineer. In 2010, Mehta left Amazon to become an entrepreneur. He founded Instacart in 2012 after realizing the opportunity to bring the trillion-dollar grocery industry into the digital age. He launched 20 startups between 2010 and 2012, most of which failed. In September 2023, Instacart went public, and Mehta transitioned away from the role of CEO.

Key Business Strategies

Instacart's strategy centered on providing a convenient platform for grocery delivery. Mehta's approach focused on efficiency, leveraging a network of personal shoppers to fulfill orders from various retailers. The introduction of Instacart Express (later Instacart+) enhanced customer loyalty and ordering frequency. Instacart also expanded through partnerships with numerous grocery chains, increasing its market presence significantly.

Philanthropy

Specific philanthropic initiatives and amounts could not be determined from search results.

Career Timeline

2023

Left Instacart

Left Instacart after IPO.

2021

Executive Chairman

Transitioned from CEO to Executive Chairman of Instacart.

2021

Time 100 Next

Included on the Time 100 Next.

2013

Forbes 30 Under 30

Recognized on the Forbes 30 Under 30 list.

2012

Founder of Instacart

Founded Instacart, a grocery delivery service.

2008

Supply Chain Engineer

Joined Amazon as a supply chain engineer.

Philanthropic Impact

N/A$XB

Unknown

No specific data on philanthropic activities.

Wealth Trajectory