Instacart Adds IPO Pro To Its Board

Ahead of a potential public listing, Instacart has made a second major addition to its leadership team this week with the appointment of Frank Slootman to the companies Board of Directors.

Slootman, the CEO of software firm Snowflake, will bring a wealth of knowledge as his company conducted a record breaking IPO last year. He will also provide guidance as Instacart continues to build its team and execute at scale in a fast-growing market.

"As a Board member, Frank's unparalleled passion for and deep expertise in enterprise software will be invaluable as we continue to build the operating system for the grocery industry and enhance our Instacart Enterprise ecommerce solutions for retailers," Instacart Founder and CEO Apoorva Mehta announced.

Slootman joined Snowflake, the most valuable software startup ever to IPO, in May 2019 from ServiceNow, a cloud computing platform for digital workflows. While at ServiceNow he served as CEO and also sheperded the company through an IPO. But those weren’t the only companies Slootman has taken public as the Dutchman also served as the CEO and President of Data Doain, where he led the company through an IPO and its eventual acquisition by EMC for more than $2 billion.

"Over the past year, Instacart has changed the way our world thinks about ordering groceries. Today, it is a brand with a massive opportunity to build the future of online grocery for millions of consumers," Slootman said. "I look forward to joining the Board and supporting the Instacart team as they enter the next chapter of growth."

Instacart has experienced tremendous growth over the past year as the company hired over 300,000 Shoppers in early 2020. The company is reportedly looking to continue that growth in 2021 and is eyeing an IPO or direct listing sometime this year.

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