• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

Facebook Executive, Fidgi Simo Named CEO Of Grocery Delivery App, Instacart

Ayoola by Ayoola
July 13, 2021
Share on FacebookShare on Twitter

Also On TechBooky

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Microsoft In Major Shake-Off, Announces The Disengagement Of 10,000 Employees

Kenyan Fintech Startup, Kwara Raises $3 Million Seed Extension

Tunisia AI Startup, InstaDeep Acquired By Germany’s BioNTech For £582m

Agritech Startup, Releaf Completed Its Pre-Series A Funding With $3.3m


Grocery delivery app, Instacart has announced a new Chief Executive Facebook’s Fidji Simo as its new CEO in a move projected to revitalize the company.

The 35-year old Simo is to take over from Instacart founder, Apoorva Mehta who has transitioned as the Executive Chairman of the company’s board.

The new Instacart CEO, who resumes office by August, is one of Facebook’s most senior female executives and had earlier this year made history when she became the first woman on Instacart’s board.

News were rife in the stock market that Instacart will go public in a direct listing later this year as Its cumulative shares was valued at $39 billion in its most recent funding round, around March. This makes Instacart the second most valuable privately held company after Elon Musk’s SpaceX, which was also valued at $74 billion then, according to CNBC.

In her interview with CNBC, the new CEO confessed that she was “blown away” by Mehta’s leadership, and saw they “shared a really ambitious vision for Instacart.”

“We saw the emergence of a lot of new companies built on top of Facebook ads,” she told CNBC. “And I’m seeing the same thing happening within Instacart’s business, where not only existing food companies are reaching new customers, but I see new food companies having the potential to be created.”

She explained her transition from a lover of Instacart as a customer to a board member and how honored she is to become the company’s CEO, to lead its next growth chapter.

“As we think about the future of food, we believe the way people eat and their relationship with food will fundamentally change over the next decade. They’ll expect a more convenient experience, the widest selection of food at their fingertips, faster delivery times, increased personalization, and more inspiration.”, she added.

Instacart as a grocery App is said to be facing increasing competition from competitors like Amazon, Walmart, DoorDashand Uber, with all of them seeking to capitalize on the growing demand of grocery delivery.

Earlier in the year, Instacart introduced a 30-minute grocery delivery service in 15 cities to its teeming customers and says ithas further plans to extend this service in more locations.

Related Posts:

  • Mike Schroepfer Quits Role As Facebook’s Chief Technology Officer
    Mike Schroepfer Quits Role As Facebook’s Chief Technology…
  • Here Are Some Of The Latest Trends In On-demand Food Delivery Service
    Here Are Some Of The Latest Trends In On-demand Food…
  • Satya Nedella Is Now Even More Powerful As The New Microsoft Chairman & CEO
    Satya Nedella Is Now Even More Powerful As The New Microsoft…
  • Metaverse: Tony Xu, Doordash CEO Joins Meta’s Board Of Directors
    Metaverse: Tony Xu, Doordash CEO Joins Meta’s Board Of…
  • Alibaba Reshuffles E-Commerce Businesses, Gets New CFO
    Alibaba Reshuffles E-Commerce Businesses, Gets New CFO
  • Electric Vehicle Company Rivian Raises IPO Price Range, May Be Valued At $65b
    Electric Vehicle Company Rivian Raises IPO Price Range, May…
  • Autonomous Robotic Company, Starship Technologies Secures €50M From EIB To Expand Its Delivery Robots Fleet
    Autonomous Robotic Company, Starship Technologies Secures…
  • FSI Apoints Jega, Bosun, Folashade And Other New Members To Its Board
    FSI Apoints Jega, Bosun, Folashade And Other New Members To…
Tags: fidji simoinstacartpersonnel
Ayoola

Ayoola

Ayoola Faseyi, an Abuja based Journalist with interest in Technology and Politics. He is a versatile writer with articles in many renowned News Journals. He is the Co-Founder of media brand, The Vent Republic.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023

Browse Archives

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 24 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (255) amazon (95) android (281) app (610) Apple (473) artificial intelligence (268) business (342) china (113) cloud (135) cryptocurrency (158) ecommerce (109) enterprise (240) facebook (472) gadget (448) gaming (160) google (546) government (383) guest post (108) instagram (137) internet (352) ios (249) iphone (210) microsoft (261) mobile (281) new feature (287) nigeria (278) privacy (135) research (134) samsung (139) security (375) smartphone (235) social media (671) software (416) startup (269) streaming (140) telecom (157) tips (340) transport (104) twitter (217) united states (191) users (132) videos (115) website (160) whatsapp (129) youtube (106)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Recover Permanently Deleted Emails From iCloud Manually

Recover Permanently Deleted Emails From iCloud Manually

March 5, 2022
Resume and Cover letter Templates for free

Resume and Cover letter Templates for free

July 25, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
How is Technology Changing Our Definition of What It Means to Be a Human?

How is Technology Changing Our Definition of What It Means to Be a Human?

April 1, 2018
Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023

Recent News

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite