Apoorva Mehta Net Worth: $1.2 Billion
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.2 Billion | N/A | N/A | India | Male | N/A | Businessman, Entrepreneur | Indian American |
Highlights
– Apoorva Mehta is an Indian American businessman and entrepreneur
– CEO of grocery delivery service Instacart
– Net worth of $1.2 billion
Early Life
Apoorva Mehta was born in India and later moved with his family to Canada in 2000. His exact birthdate is not known. Mehta pursued his higher education at the University of Waterloo.
Career
Before founding Instacart, Apoorva Mehta worked for prominent companies such as Blackberry, Qualcomm, and Amazon. Despite unsuccessful attempts with 20 other startup ideas, Mehta’s breakthrough came in 2012 when he co-founded Instacart. Initially, Mehta personally delivered groceries to customers. Instacart offers a convenient mobile app where customers can order groceries and have them delivered within an hour or two for a small fee. The company experienced significant growth, raising substantial investments and reaching high valuations over the years.
Personal Life
There is limited information available about Apoorva Mehta’s personal life, including his birthdate, salary, and height. However, it is known that he is of Indian American nationality.
Net Worth Over Time
Apoorva Mehta’s net worth has seen a remarkable ascent throughout his entrepreneurial journey. In 2015, Instacart raised $220 million, valuing the company at $2 billion. At that time, Mehta’s net worth was estimated at $400 million. By 2018, with a valuation of $8 billion, his net worth ballooned to $800 million. Finally, in 2020, with Instacart’s valuation soaring to $13.7 billion, Apoorva Mehta reached billionaire status with a net worth of $1.2 billion.
Components of Net Worth
Apoorva Mehta’s net worth primarily stems from his successful venture, Instacart. As the CEO of the company, Mehta holds a significant share of its value. Additionally, he may have made strategic personal investments and acquisitions that contribute to his overall net worth.
In conclusion, Apoorva Mehta has established himself as a highly successful and wealthy Indian American businessman and entrepreneur. Through his visionary leadership at Instacart, he has propelled the company’s growth and achieved a net worth of $1.2 billion. Mehta’s journey from personal deliveries to billionaire status exemplifies his determination and entrepreneurial spirit.