As the founder and CEO of Instacart, Apoorva Mehta is making headlines in the world of entrepreneurship and tech innovation. Despite this high profile job, there’s a lot about him that’s not widely known. In this article, we delve into the background, the achievements and some surprising insights about this visionary entrepreneur.

1. Apoorva Mehta is a former Amazon employee

Before kickstarting his own venture, Mehta was an employee at Amazon. There, he worked in the logistics department, a job that would later provide a lot of inspiration for Instacart. He left Amazon after two years and began searching for business ideas, leading him down the path of entrepreneurship.

This stint at one of the world’s largest tech companies was pivotal in shaping his understanding of e-commerce and logistics. The experience he gained at Amazon played a significant role in helping him build what Instacart is today.

2. He faced 20 rejections before Instacart

Pivoting from a stable job to the unpredictable journey of entrepreneurship is never easy. Mehta faced the brunt of this reality when his first 20 startup business ideas got rejected before he struck gold with Instacart.

This included a network for lawyers, a social media service, a groupon-style food delivery system, to name a few. It was his persistence and resilience that led him to refine his ideas, eventually coming up with the concept of Instacart.

3. He learned coding at an early age

Mehta was born and raised in India where he developed an interest in computers and technology from a young age. He began learning to code when he was just a middle school student, allowing him to construct complex software designs when he grew up.

This early exposure to coding and software development has been instrumental in creating the tech-based platform that Instacart is. It also allowed him to handle the technical aspects of the startup himself in the early days.

4. Raised initial funding for Instacart by driving a prototype

To raise initial funding for Instacart, Mehta drove a demo of the service around San Francisco himself. He would personally pick up orders and deliver them to customers in order to exemplify the potential of his idea to investors.

His incessant efforts paid off when he managed to secure a seed funding of $2.3 million from investors. This initial backing ignited the fast-paced growth journey of Instacart.

5. He appeared in the Forbes 30 under 30 list

For his outstanding contribution to the e-commerce industry, Mehta was included in the Forbes 30 under 30 list in 2015. This list is a recognition to innovators, entrepreneurs, and leaders who are under 30 years of age and have made substantial advancements in their respective fields.

Being included in this list was not just a personal achievement for Mehta, but it also placed Instacart in the limelight, pushing its popularity even further.

6. Mehta’s net worth is estimated to be $1.2 billion

As the sole founder and CEO of Instacart, Mehta owns a significant chunk of the company. With Instacart’s valuation standing at over $17.7 billion as of 2020, Mehta’s estimated net worth is $1.2 billion, making him one of the youngest self-made billionaires.

The meteoric rise in Instacart’s valuation amid the COVID-19 pandemic has amplified Mehta’s net worth, catapulting him into the billionaire list.

7. He holds an Engineering degree from the University of Waterloo

Despite his early interest in coding and technology, Mehta pursued a formal education in Engineering. He holds a Bachelor’s degree in Electrical Engineering from the esteemed University of Waterloo in Canada.

His strong educational background in a science discipline has greatly bolstered his ability to create and innovate in the tech industry.

8. Instacart is his first successful startup

After leaving Amazon, Mehta was on a month-long journey of brainstorming new startup ideas. He attempted many startups before Instacart, but none took off the way he had imagined. Instacart was the first startup that not only took flight but soared high.

It was his belief in his idea, combined with his relentless pursuit of success, that made Instacart the giant it is today. Now, it’s one of the biggest online grocery delivery services in the US and Canada.

9. Mehta considers Jeff Bezos as his role model

During his time at Amazon, Mehta was greatly inspired by the company’s founder, Jeff Bezos. He admired Bezos’s vision and determination. Even today, he considers him his role model.

It’s fascinating that, in many ways, Apoorva Mehta’s own journey has many parallels to Bezos. Both started small-scale ventures that turned out to be tech giants dominating their respective markets.

10. He prioritizes customer value over everything else

One of the key factors attributed to the success of Instacart is Mehta’s keen focus on providing extreme value to customers. He understood the needs of the people and created a platform that offers convenience, speed, and efficiency, thereby revolutionizing grocery shopping.

Mehta’s prime focus has always been on quick delivery, user-friendly app design, and maintaining a sustainable business model. This focus on customer satisfaction is one of the underlying reasons for Instacart’s popularity and its multi-billion dollar valuation.

In conclusion, Apoorva Mehta’s journey from being a logistics engineer at Amazon to becoming a billionaire entrepreneur is truly inspirational. His story compels us to believe in the power of resilience, innovation, and customer value.

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