Apoorva Mehta is an Indian-Canadian entrepreneur. Moreover, Mehta has a net worth of more than $3.5 billion.
Apoorva Mehta is also the founder and CEO of the supermarket delivery business Instacart.
Interestingly, due to the coronavirus outbreak, Instacart’s revenues increased 500 percent.
The article discusses the personal life, career, body measurements, controversy, social media, and net worth of Apoorva Mehta.
Here are some quick facts about Apoorva Mehta :
|Full Name||Apoorva Mehta|
|Birth Date||August 12, 1986|
|Birth Place||Jodhpur, India|
|Education||University of Waterloo|
|Father’s Name||Not Available|
|Mother’s Name||Not Available|
|Age||37 years old|
|Height||5 feet 4 inches|
|Weight||56 kg (123 pounds)|
|Net Worth||$3.5 billion|
|Instacart Merch||Food Delivery Bags, Face Masks|
|Last Update||December 2023|
Apoorva Mehta: Age, Height, and Weight
The entrepreneur, born in India, stands approximately 5 feet and 4 inches tall.
He is currently 37 years old and weighs around 123 pounds (56 kg). Moreover, this entrepreneur was born under the zodiac sign of Leo.
In addition, Sunflower and Marigold, which are bright and cheery, are the zodiac’s official flowers.
Leo’s are noted for their willingness to share their skills, effort, attention, and wealth.
Apoorva Mehta: Personal Life
Apoorva Mehta is an Indian-Canadian entrepreneur who was born in 1986. His family’s information, on the other hand, is unknown.
Unfortunately, Apoorva keeps his personal life private and does not reveal much.
However, it is known that the family, along with Apoorva, is thought to have gone to Libya shortly after his birth.
They went to Canada when Apoorva was 14 and stayed there till Apoorva moved back to San Francisco in 2010 to pursue his career.
His parents were always encouraging and instilled in him the importance of believing in himself and never giving up.
In addition, Apoorva graduated from the University of Waterloo with a bachelor’s degree in electrical engineering.
He was always creative and autonomous, despite his mediocre academic performance.
He is thought to be single and busy with his business. Mehta was once seen with a woman in public, but there is no way of knowing if she is his wife.
Apoorva Mehta: Career
Apoorva worked as a supply chain engineer at Blackberry, Qualcomm, and Amazon.
He is responsible for developing fulfillment systems that transport products from Amazon’s warehouses to consumers’ homes.
In addition, before finding significant success with Instacart, Mehta tried his hand at several other businesses.
Instacart is a 30 billion dollar technology firm based in the United States.
Furthermore, Instacart began in San Francisco and extended throughout the United States and Canada.
Customers can use the Instacart mobile app or website to access the service.
They can start shopping by choosing their location and retailer, then placing items in their electronic basket.
In addition, customers can use personal debit or credit cards and Android Pay and Apple Pay to make purchases.
Instacart has established agreements with over 300 national, regional, and local shops as the company has grown.
Today, investors valued the company at more than $30 billion. In the same year, Forbes named Instacart “America’s Most Promising Company.”
Apoorva Mehta: Awards
Apoorva is a highly dedicated individual named Grocery Executive of the Year in 2017.
He was ranked number 31 among America’s wealthiest entrepreneurs under 40. Likewise, he is the 859th wealthiest person in the world.
In addition, his firm, Instacart, received three honors in 2021 and roughly six accolades in 2020.
Moreover, Best HR Teams, Best Places to Work in the Bay Area, and Best Organization Outlook were all given to the company in 2021.
These accolades demonstrate the firm’s hard work and solidarity and Apoorva’s excellent leadership qualities in governing his employees.
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Apoorva Mehta: Net Worth
Apoorva Mehta is estimated to be worth 3.5 billion dollars. In addition, Apoorva Mehta became a billionaire at the age of 33.
In March 2021, his firm Instacart raised $265 million in investment, bringing the grocery app’s value to $39 billion.
Mehta’s net worth was increased by more than $1 billion due to the company’s value.
Moreover, the company is reaching new heights every day, which has helped Apoorva Mehta amass this much money.
Apoorva Mehta: Social Media
Apoorva Mehta is not a massive fan of social media platforms. Moreover, he is not available on Facebook or Instagram.
However, the billionaire can be found on Twitter. Furthermore, his Twitter account has over 15K followers.
Interestingly, he shares his thoughts and updates about Instacart on his profile.
Although, his personal handles cannot be found on social media. His company Instacart has thousands of followers.
Apoorva Mehta: Controversies
In March 2017, Instacart was obligated to give $4.6 million in a class-action settlement to resolve claims that the shoppers were misclassified as independent contractors.
The lawsuit claims 18 infractions, including unlawful tip pooling and failing to reimburse employees for business expenditures.
Moreover, Instacart momentarily withdrew the corporation’s option to not show the item’s price in November 2016.
However, after some public outcry, Instacart was forced to withdraw the company decision.
In November 2017, some Instacart employees went on strike, claiming wages as low as $1 per hour.
Similarly, in February 2018, Instacart made a mistake and withheld tips from shoppers, claiming it was a software issue.
Customers were also frequently charged service costs that were intended to be waived. In April of 2018, Instacart implemented a contentious 5% service fee on all orders.
In November and December 2018, Instacart implemented a new payment method for its customers, which customers claimed resulted in significantly reduced pay.
Moreover, customers of Instacart complained that their deliveries were being stalled as shoppers avoided the lower-paying purchases.
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Frequently Asked Questions
How many times did Apoorva Mehta fail before Instacart?
Apoorva founded more than 20 businesses and failed before creating Instacart.
Some of the companies he tried to build are: constructing an ad network for social gaming companies and creating a social media network exclusively for lawyers.
What is a Unicorn company?
A company must have a valuation of $1 billion or more to be considered a unicorn company.
When did Apoorva Mehta become a billionaire?
With a 10% interest in his company Instacart, Mehta became a billionaire by 2020, at the age of 33.
However, on the other hand, Mehta stepped down as CEO in 2021 and currently serves as executive chairman.