Becker's Healthcare November 30, 2022
Apoorva Mehta, co-founder of Instacart, is entering the healthcare space with a venture called Cloud Health Systems, The Wall Street Journal reported Nov. 29.
Mr. Mehta aims to step down as executive chairman of the grocery delivery service — which hit a peak valuation of $39 billion in March 2021 — once the company goes public. He stepped down as CEO in August 2021 after disagreements with board members about the company’s future, according to the Journal.
Mr. Mehta’s plans for Cloud Health Systems are under development, though he aims to own multiple brands for different healthcare conditions, offering medical consultations and related services to consumers, the Journal reported. The first brand, Sunrise, aims to address metabolic health...
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