Ravi Gupta, chief financial officer (CFO) and chief operating officer (COO) at Instacart, reportedly, will leave the company at the end of 2019. He will be joining Sequoia Capital as a partner on the growth team beginning January 2020.
San Francisco-based, on-demand grocery delivery company Instacart, said that after leaving the firm, Ravi will continue to serve in an advisory role for Instacart.
“Since joining Instacart in 2015, Sagar has played an integral role in helping Instacart’s business grow, overseeing the company’s finance, business operations, FP&A and treasury teams. He has a proven track record of operating at scale in a complex, fast-moving industry like this one, and is excited to continue on at Instacart in this new capacity and role,” the company said.
Instacart was founded by Apoorva Mehta in 2012. The platform operates as a same-day grocery delivery and pick-up service in the U.S and Canada. Customers shop for groceries through the Instacart mobile app or Instacart.com from the company’s more than 300 national, regional and local retailer partners.
Ravi Gupta joined Instacart in 2015 as its first CFO and COO to oversee finance, corporate development, and strategic business initiatives.
Under his leadership, Instacart has grown from 300 employees to 1,000 full-time employees.
Today, Instacart delivers groceries to 5,500 cities across the US and Canada from 20,000 stores.
Some of the significant startups under the similar objective as Instacart, include BigBasket, Grofers, Nature’s Basket, Grocerkey, Tokri, among others.