Instacart poaches one of the highest-ranking female Facebook executives, Fidji Simo, for CEO
Summary
In his most recent role, hes led software development of Facebook Groups, one of the key growth areas for the social network. Simo, 35, and originally from France, is among the highest-ranking female executives at Facebook after COO Sheryl Sandberg and Chief Business Officer Marne Levine. Simo joined Instacarts board earlier this year as its first female member after Mehta reached out to her with a cold email. "An app that people want to open very many times a week to be inspired by food content, and then buys our groceries online," she said. Since early 2020, its valuation has nearly quadrupled to $39 billion, making it the third-largest U.S.-based private start-up, behind fintech giant Stripe and Elon Musks SpaceX, according to Pitchbook.
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