Business
RAVI GUPTA, PARTNER AT SEQUOIA CAPITAL, JOINS INSTACART'S BOARD OF DIRECTORS
SAN FRANCISCO, Sept. 22, 2023 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, announced that Ravi Gupta,
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[{"type":"text","content":"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.\n\n \n \n \n \n \n \n\n \n\"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.\"\nGupta 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.\nPrior 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.\n\"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...