Instacart Announces That Ravi Gupta Has Joined the Company's Board of Directors
September 22, 2023 at 06:55 pm IST
Share
Instacart 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.
Gupta 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. Prior 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. Gupta joins Instacart's Board of Directors, which also includes Instacart CEO and Chair Fidji Simo; Barry McCarthy, President and Chief Executive Officer of Peloton; Daniel Sundheim, Founder and CIO of D1 Capital Partners; Frank Slootman, Chairman and Chief Executive Officer of Snowflake; Michael Moritz, Senior Advisor to Sequoia Heritage; Jeff Jordan, General Partner at Andreessen Horowitz; Meredith Kopit Levien, President and CEO of The New York Times Company; and Lily Sarafan, Co-founder and Executive Chair of TheKey.
Maplebear Inc., doing business as Instacart, is a grocery technology company in North America, works with grocers and retailers to transform how people shop. The Company partners with more than 1,500 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 85,000 stores across North America on the Instacart Marketplace. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of consumer-packaged goods (CPG) brands - from category leaders to emerging brands - partner with the Company to connect directly with consumers online, right at the point of purchase. The Company, through its Instacart Health, provides tools to increase nutrition security and make healthy choices easier for consumers.