Online Grocery: Instacart Gets New CEO as IPO Approaches🥕

Instacart has announced that founder and CEO Apoorva Mehta will be stepping down and Fidji Simo, previously vice president and head of the Facebook app, will be taking over as leader of the grocery delivery platform last valued at $39 billion. Alex discusses the timing of this move from Mehta and calls back to our in-depth discussion with Tri Tran on what Instacart needs to do to strengthen its business model and move towards sustainable profitability.

This is an excerpt from episode 165 of Winner Take All. Watch the full episode here:

Originally Aired: 07/09/21
#Instacart #CEO #Food

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