With the lid off turn on the Instant Pot and select the Saute feature. You will want to saute on normal" or medium heat.
Place the oil and stew meat in the Instant pot and saute until the beef is brown on all sides; add garlic and onion and saute a couple more minutes.
Hit cancel to turn off the saute feature.
Add all remaining ingredients to the Instant Pot.
Put the lid on the pressure cooker and make sure the valve is sealed.
Cook on high pressure for 20 minutes (it will take it a while to build pressure).
Then use semi quick release by using a wooden spoon to tap the valve multiple times before fully releasing the valve.