Instacart Co-Founder Raises $30 Million for New Healthcare Company

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Instacart Co-Founder Raises $30 Million for New Healthcare Company
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Apoorva Mehta, a co-founder of Instacart, has raised $30 million for Cloud Health Systems, valuing the new healthcare startup at $200 million

Apoorva Mehta, a co-founder of Instacart Inc., is working on his next act after saying earlier this year that he would step down as executive chairman from the startup he built into a grocery delivery giant once it goes public.

Mr. Mehta earlier this month raised $30 million for Cloud Health Systems, a new healthcare startup aiming to offer consumers medical consultations and other health-related services, according to people familiar with the matter. The funding round, led by venture firm Thrive Capital, values the company at $200 million, the people said.

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