Apoorva Mehta

Apoorva Mehta, founder of Instacart.
Apoorva Mehta, founder of Instacart, photographed at Whole Foods Market in San Francisco on September 25th, 2014. Instacart, is an app whch delivers groceries to people via a network of drivers.Photograph by Gabriela Hasbun for Fortune
  • Age
  • Title
    Founder and CEO
  • Company

During a pitch meeting for Mehta’s Instacart, a venture capitalist left the room and returned with a floppy disk that contained the blueprint for food delivery business Webvan, a $4 billion, dot-com bust that sounded like Instacart. “Go home and study it,” the investor said (Mehta says he would have, if he knew how to open a floppy disk). What Mehta did know was that grocery shopping was ripe for a change. Instacart uses a mobile app that connects users with 4,000 personal shoppers who handpick and deliver your order in hours. It now operates in 18 metropolitan areas, partners with Whole Foods and Costco, and holds a $2 billion valuation. That fast expansion and big-name partnerships helped assuage those early investor worries; now, Mehta just needs to fend off Amazon, Walmart, Google and Uber, all of which want into the market.