Taste of Instacart
Welcome Nick & Thank You Sagar
We’re excited to welcome finance industry and technology advisor veteran Nick Giovanni to Instacart as our new Chief Financial Officer (CFO), beginning January 27. Nick joins us as our teams continue to focus on meeting the increased consumer demand for Instacart’s online grocery delivery and pickup services across the U.S. and Canada.
Nick spent more than 20 years at Goldman Sachs, most recently as Head of the Global Technology, Media and Telecom Group. He brings to Instacart extensive finance experience, operational discipline, and a deep understanding of complex marketplaces like ours that will be instrumental to Instacart. He’s regarded as one of the most respected and accomplished technology and internet investment bankers, and he’s played a pivotal role advising some of the world’s most prolific companies, founders and management teams as they’ve scaled from being private companies to global leaders.
During his time at Goldman, Nick played a integral role advising hundreds of iconic technology companies through some of the largest financial transactions and public offerings of the last two decades, including companies such as Airbnb, DoorDash, Twitter, Square, Dropbox, Snap, Yelp, Zynga, eBay, Meituan, Baidu, Spotify and Slack. He also worked on several high-profile M&A deals at Goldman Sachs that helped reshape industries, including Slack’s sale to Salesforce, Credit Karma’s sale to Intuit, Spotify’s acquisition of podcast properties, Skype’s sale to Microsoft and Zillow’s purchase of Trulia.
For years, Nick has served as a trusted advisor to Instacart, supporting our business as we’ve grown to become the leading online grocery platform in North America. In his new role, he’ll oversee accounting, finance and corporate development for Instacart. He’ll succeed current CFO Sagar Sanghvi and the two will be partnering to ensure a seamless transition.
We want to thank Sagar for all of his contributions on behalf of our teams, customers, shoppers and partners over these last five years. During his time at Instacart, Sagar helped us navigate some of our biggest business milestones including strengthening our financial profile, leading our fundraising efforts and helping shape our company strategy. From building up our financial rigor to helping us successfully scale our business during a year of unprecedented growth, we’re proud of how Sagar and our talented teams effectively managed triple-digit surges in customer order volume, doubled the size of our shopper community and expanded our marketplace to welcome hundreds of new retailers. Sagar leaves as a friend to the company and we’re incredibly grateful for all that he’s done to help Instacart become the leading online grocery platform in North America.
You can read more about today’s news here.
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