Instacart's Indian-American Founder Apoorva Mehta calls it quit

US-based Instacart's Founder and Executive Chairman Apoorva Mehta has announced to step down from the online grocery delivery service he founded nearly a decade ago.

Instacart announced that CEO Fidji Simo has been appointed as Chair of the Board of Directors, effective as Mehta moves out from the board once Instacart becomes a public company.

"Since I transitioned from CEO to Executive Chairman a year ago, I realised that I want to pursue a new mission and I want to do it with the same singular focus that I had while building Instacart. Stepping off the board will allow me to do just that," Mehta said in a tweet late on Friday.

Simo, a former Facebook executive, took over as CEO of Instacart when Mehta departed that role, and will be the future executive chairman of the board.