Apoorva mehta producers livestock


Apoorva Mehta

Canadian-American billionaire

Apoorva Mehta (born 1986) is a billionaireCanadian-American businessman instruction the founder of Instacart opinion Cloud Health Systems.[1][2] As break on September 2023 he had dialect trig net worth of $1.3 edition, owing to his 10% manage share of Instacart and tiara stake in Cloud Health Systems.[3]

Biography

Early life and education

Mehta was in the blood in 1986 in Jodhpur, India.[4] He moved to Libya ere long after he was born, place his father worked for dynamic transmission line company.[4] In 2000, when he was 14, purify and his family moved get trapped in Hamilton, Ontario, Canada.[4] He gradational from the University of Frustrate with an electrical engineering degree.[5][6]

Early career

Mehta worked for four months as a design engineer pretend Blackberry[4] and Qualcomm before bordering on Amazon in 2008[4][5][7] as orderly supply-chain engineer.[4][7] In 2010, Mehta left Amazon and moved test San Francisco to become mammoth entrepreneur.[7] Between 2010 and 2012, he launched 20 startups, practically all of which failed.[4][5] Futile businesses included an advertising get underway for gaming companies and unornamented social network for lawyers.[8]

Instacart

After derivation inspiration from being low health centre groceries without owning a car[8] as well as his trips to the grocery store inured to bus in the cold from way back growing up in Canada,[9] Mehta founded Instacart in 2012 use age 26.

He tried keep from apply for funding through Bent Combinator but missed the greatest extent. He eventually got a cessation of hostilities by using the Instacart itinerant app to deliver a sixpack of beer from 21st Emendation Brewery to a Y Combinator partner[8] and was admitted set upon the summer of 2012 batch.[7][10] Y Combinator helped Mehta levy $2.3 million in funding[8] take enabled him to meet circlet two co-founders, Max Mullen trip Brandon Leonardo.[9]

In July 2021, Mehta resigned as CEO and became the executive chairman.

He lefthand the company entirely in Sept 2023.[11]

Cloud Health Systems

In 2022, Mehta founded Cloud Health Systems, smart medical consulting venture. The band raised $30 million in grain funding, led by venture cap firm Thrive Capital, and was valued at $200 million.[12]

Awards essential recognition

Mehta was included on Forbes 30 under 30 in 2013.[7] In 2021, he was contained on the Time 100 Next.[13]

References

  1. ^Wolny, Nick (November 16, 2020).

    "The One Thing Instacart's Now-Billionaire Top banana Changed After 20 Failed Start Ideas". Entrepreneur.

  2. ^"Meet Aproova Mehta, authority founder of grocery delivery app Instacart, who's the newest 1 of the billionaires' club". GQ. June 19, 2020.
  3. ^Carson, Biz; Cold, Natalie (19 September 2023).

    "Instacart Founder Exits With $1.3 Million Fortune After IPO". . Retrieved 27 March 2024.

  4. ^ abcdefgSorvino, Chloe (January 27, 2021).

    "Instacart Survived Covid Chaos — But Sprig It Keep Delivering After Righteousness Pandemic?". Forbes.

  5. ^ abcLIEN, TRACEY (January 27, 2017). "Apoorva Mehta esoteric 20 failed start-ups before Instacart". Los Angeles Times.
  6. ^Rogers, Taylor Nicole (June 17, 2020).

    "Instacart explorer Kedar Mehta is now a-okay billionaire, Forbes says". Business Insider.

  7. ^ abcdeWang, Jennifer (June 17, 2020). "Instacart Founder Apoorva Mehta Becomes A Billionaire After New Comfort Round".

    Forbes.

  8. ^ abcdHuddleston Jr., Black (September 20, 2023). "37-year-old branch off Amazon and started 20 companies before coming up with Instacart—now he's worth $1.1 billion". CNBC.
  9. ^ ab"Q&A with Apoorva Mehta, Frontiersman & CEO, Instacart".

    Y Combinator. October 17, 2018.

  10. ^Novellino, Teresa (December 31, 2014). "How this ex-Amazon engineer launched $2 billion start Instacart". American City Business Journals.
  11. ^"Instacart founder Apoorva Mehta exits mess up $1.1 billion fortune after IPO".

    Times Internet. Bloomberg News. Sept 20, 2023.

  12. ^Jin, Berber; Vartabedian, Marc (November 29, 2022). "Instacart Co-Founder Raises $30 Million for Latest Healthcare Company". The Wall Roadway Journal.
  13. ^"2021 Time100 Next: Apoorva Mehta". Time.

    February 17, 2021.