November 20, 2018 / 11:17 PM / 20 days ago

Instacart hires Instagram manager to boost growth

SAN FRANCISCO (Reuters) - Instacart said on Tuesday it hired Bangaly Kaba as vice president of growth from Facebook Inc’s (FB.O) Instagram as the grocery delivery startup tries to make itself a household name.

Kaba, who had been with Facebook since 2014, said in a statement to Reuters that his team helped double Instagram’s monthly users to more than 1 billion in about two years, and he saw the opportunity for similar growth at Instacart.

“While the two ‘Instas’ are inherently different products, I see the same growth potential in Instacart that I saw in Instagram’s early days,” he said.

As part of Instacart’s product organization, Kaba’s unit will be focused on attracting customers and turning them into paying members of a grocery service that competes with Amazon.com Inc (AMZN.O) and several boutique players to bring online grocery orders direct to Americans’ doorsteps.

Instacart’s previous growth chief left in September.

The company raised $871 million from investors, including U.S. hedge fund Tiger Global Management, in recent weeks, valuing the startup at nearly $7.9 billion.

Reporting by Paresh Dave; Editing by Dan Grebler

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