SAN
FRANCISCO, Sept. 22, 2023 /PRNewswire/ -- Instacart
(NASDAQ: CART), the leading grocery technology company in
North America, announced that
Ravi Gupta, Partner at Sequoia
Capital, has joined the Company's Board of Directors. Gupta is a
seasoned technology executive with more than 20 years of experience
in business operations and finance. He brings to the Board a deep
and nuanced understanding of Instacart's business, having served as
the company's Chief Financial Officer from 2015 to 2019, and from
2016 to 2019, also served as Chief Operating Officer.
"We're thrilled to welcome Ravi to Instacart's Board of
Directors. In addition to being a world class operator and
strategist, Ravi is also uniquely attuned to Instacart's business,
with a deep understanding of the company's business model,
economics, partnerships, and vision," said Fidji Simo, CEO and
Chair of Instacart. "With Ravi, we're gaining a highly respected
leader and financial mind, as well as someone steeped in experience
with Instacart and the broader grocery industry. His perspective
will be invaluable as we chart our next chapter as a public company
and continue to drive value for our partners, customers, shoppers
and shareholders."
Gupta is currently a Partner at Sequoia, where he focuses on
consumer, mobile/internet, and fintech investments. He is a
director of Acelerate, Meter, and Noom, and works closely with
companies including Faire, Fireblocks, and Remote, among others.
Prior to joining Sequoia, Gupta spent nearly five years as
Instacart's Chief Financial Officer from 2015 to 2019, and from
2016 to 2019, also served as Chief Operating Officer, where he
played an integral role in solidifying Instacart's early leadership
in the space.
Prior to Instacart, Gupta spent a decade at KKR serving on the
senior leadership team and helping build KKR's Infrastructure
investing platform. He was previously at McKinsey and Company,
where he provided strategic consulting to companies across a
variety of industries.
"It's been a pleasure to witness Instacart continue to
accelerate over the last couple of years, and I'm thrilled to
partner more closely with this exceptional leadership team and the
company in my new capacity as a board member," said Gupta, Partner
at Sequoia. "Instacart has built a strong, durable business while
maintaining a deep commitment to its partners and its mission of
giving everyone access to the food they love. I'm excited to
collaborate with the team and the board as we continue to bring
Instacart's vision for the future of grocery to life."
Gupta joins Instacart's Board of Directors, which also includes
Instacart CEO and Chair Fidji Simo; Barry
McCarthy, President and Chief Executive Officer of Peloton;
Daniel Sundheim, Founder and CIO of
D1 Capital Partners; Frank Slootman, Chairman and Chief Executive
Officer of Snowflake; Michael
Moritz, Senior Advisor to Sequoia Heritage; Jeff Jordan, General Partner at Andreessen
Horowitz; Meredith Kopit Levien,
President and CEO of The New York Times Company; and Lily Sarafan, Co-founder and Executive Chair of
TheKey.
Instacart today partners with more than 1,400 national, regional
and local retail banners, including unique brand names, to offer
delivery and pickup services from more than 80,000 stores across
more than 14,000 cities in North
America. Instacart is available to over 95% of households in
the U.S. and Canada.
About Instacart
Instacart, the leading grocery
technology company in North
America, works with grocers and retailers to transform how
people shop. The company partners with more than 1,400 national,
regional, and local retail banners to facilitate online shopping,
delivery and pickup services from more than 80,000 stores across
North America on the Instacart
Marketplace. Instacart makes it possible for millions of people to
get the groceries they need from the retailers they love, and for
approximately 600,000 Instacart shoppers to earn by picking,
packing and delivering orders on their own flexible schedule. The
Instacart Platform offers retailers a suite of enterprise-grade
technology products and services to power their e-commerce
experiences, fulfill orders, digitize brick-and-mortar stores,
provide advertising services, and glean insights. With Instacart
Ads, thousands of CPG brands – from category leaders to emerging
brands – partner with the company to connect directly with
consumers online, right at the point of purchase. With Instacart
Health, the company is providing tools to increase nutrition
security, make healthy choices easier for consumers, and expand the
role that food can play in improving health outcomes. For more
information, visit www.instacart.com/company, and to start
shopping, visit www.instacart.com.
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SOURCE Maplebear Inc. dba Instacart