Ravi Gupta
In short: Ravi Gupta is co-founder and co-CEO of Ithaca Holdings, which agreed in October 2026 to buy Bumble for $1.3 billion in cash, and a partner at Sequoia Capital. He is due to become Bumble's co-CEO on closing, alongside John Hegeman. He was previously CFO and COO of Instacart and sits on its board.
Key facts
| Role | Co-CEO and co-founder |
|---|---|
| Organisation | Ithaca Holdings |
| Role | Co-founder and co-CEO of Ithaca Holdings; will become co-CEO of Bumble on closing of the $1.3 billion acquisition [Dating Industry Insights, 13 October 2026] |
| Previous role | Joined Instacart in 2015 as its first CFO and COO and left at the end of 2019 to become a partner at Sequoia Capital from January 2020 [TechCrunch, 28 August 2019] |
| Role | Instacart board member since September 2023 and lead independent director since August 2025; co-CEO of Ithaca Holdco, Inc. since December 2025 [Instacart, 2025] |
| Education | Holds a BS in economics from Duke University; earlier spent a decade at KKR after starting at McKinsey [Instacart, 2025] |
| Funding | Reported in March 2026 to be raising at least $1 billion for Ithaca Holdings with John Hegeman; remains a Sequoia partner [Yahoo Finance (GuruFocus, citing Bloomberg), 11 March 2026] |
Biography
Ravi Gupta is co-founder and co-CEO of Ithaca Holdings and a partner at Sequoia Capital. On 13 October 2026 Ithaca agreed to acquire Bumble for $1.3 billion in cash, and Bumble says Gupta and John Hegeman will become its co-CEOs when the deal closes. Whitney Wolfe Herd remains Founder and CEO until then. Bloomberg reported in March 2026 that Sequoia is a major backer of Ithaca and that Gupta remains a Sequoia partner.
Gupta spent about a decade at the investment firm KKR after starting his career at McKinsey. He joined Instacart in 2015 as its first CFO and COO, and left at the end of 2019 to join Sequoia Capital's growth team as a partner from January 2020. He has served on Instacart's board since September 2023 and has been its lead independent director since August 2025.
Instacart's biography lists him as co-CEO and board member of Ithaca Holdco, Inc. since December 2025, and as a director of Accelerate, Meter and Noom. He holds a BS in economics from Duke University. Ithaca describes itself as a holding company that uses new technology and operating skill to renew established businesses.
Career
- Co-founder and co-CEO, Ithaca Holdings (2025 to present)
- Director, later lead independent director, Instacart (2023 to present)
- Partner, Sequoia Capital (2020 to present)
- Investment professional, KKR
- Consultant, McKinsey
- CFO and COO, Instacart (2015 to 2019)
Stories about Ravi Gupta
- Bumble to install Ithaca founders Gupta and Hegeman as co-CEOs
Ravi Gupta and John Hegeman become Bumble co-CEOs when the $1.3B Ithaca deal closes. Whitney Wolfe Herd, who stays CEO until then, gets no stated title.
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Questions about Ravi Gupta
Who is Ravi Gupta?
Ravi Gupta is co-founder and co-CEO of Ithaca Holdings and a partner at Sequoia Capital.
What is Ravi Gupta's role at Bumble?
Bumble says he will become co-CEO with John Hegeman when Ithaca's $1.3 billion acquisition of Bumble closes.
What did Ravi Gupta do at Instacart?
He was its first CFO and COO from 2015 to 2019 and has been on its board since September 2023.
What is Ravi Gupta's current role?
Ravi Gupta is Co-CEO and co-founder at Ithaca Holdings.