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Instacart founder Apoorva Mehta leaves the company with $1.1B fortune after it filed for IPO and stock jumped 40% in the first day of trading

Apoorva Mehta, 37, relinquished his position as board chair of the grocery delivery app as part of Tuesday s IPO, handing the reins to CEO Fidji Simo, who joined Instacart in 2021 from Meta. ....

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