Chief Business Officer
Chief Product Officer
Instacart was founded in the year 2012. The company has been active for almost seven years now. The founders of the company were Brandon Leonardo, Apoorva Mehta and Max Mullen. One of the company’s co-founders, Apoorva Mehta was a former Amazon employee. The company had launched its services in the San Francisco Bay Area in the year 2012. Slowly over the years, the company started to expand to 15 cities by the year 2014, including Atlanta, Austin, Chicago, Boston, Boulder, Denver, Los Angeles, Houston, New York City, San Francisco, Philadelphia, Seattle, Portland, San Jose and Washington, DC. In the year 2015, the company had employed Ravi Gupta as its first CFO.
In the year 2015, the company had about 200 employees working. Actual shopping and delivery were done primarily by independent contractors, though a new policy which will allow some Instacart shoppers to choose to be part-time employees as well. As of the year 2016, the company had announced an expansion to their North Chicago Zone, USA and the same year, and it also announced the development of their Orange County and Minneapolis coverage areas as well too. By the year 2015, the company had reached an overall valuation of almost $2 billion. In the year 2017, the company had also announced a partnership with Loblaw companies, in order to begin delivery to select superstores. In the year 2018, the company had taken over a Toronto-based company known as Unata. The same year, the company had raised almost $200 million via its funding as well, which was followed by nearly $600 million in the same year, which made the overall value of the company to almost $7.6 billion. In the year 2017, the company had to pay a fine of almost $4.6 million for not being able to reimburse its workers. The same year, the workers working in the company went for a strike, as the low was measely of only $1 per hour. The following year, the company was blamed for putting a surcharge of 5 per cent service fee on all orders. The headquarters of the company is based in 92 South Park Avenue. The name of the place is San Francisco, while the name of the state is California, USA. The pin code of the area is 94105.
Instacart is an American company that focuses on providing various kinds of home essential items and products, as well as groceries as well, from a variety of local stores as well. The company is currently a subsidiary of Maplebear Incorporated. The company has its smartphone apps on both the Android as well as the iOS platform as well. As of the current date, the company has its presence in almost 1,200 cities across 25 states in the USA. The current CEO of the company is Apoorva Mehta. As of the current date, the number of employees working at the company is more than 5,000. The company has over 500,000 items in its catalogue.
The primary services provided by the company include allowing customers to have an online presence to be able to obtain various kinds of fresh food products as well as fresh groceries as well, from their local stores, directly at their doorstep, with the courier services and the payment transactions being taken care by the company itself.
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