Talabat Holding, the leading on-demand online ordering and delivery platform in UAE, has acquired InstaShop Ltd, one of the leading online grocery delivery marketplaces in MENA.
With this acquisition of 100 percent of instashop’s share capital from Delivery Hero SE, talabat will strengthen its Grocery and Retail offering and expanding its partner network across the MENA region.
The sale and purchase agreement, first announced in September 2024, was fully funded through talabat’s internal cash reserves, with a total consideration of $32 million.
The acquisition of instashop, which will continue to operate as an independent brand within talabat’s Grocery and Retail vertical, enables both platforms to collaborate and share insights to enhance customer experience and partner tools. This partnership offers cross-listing opportunities for partners, broadening their reach, while joint business planning unlocks new growth potential.
Tomaso Rodriguez CEO – talabat
“We are thrilled to welcome instashop into the talabat family. The acquisition supports and complements our strategy to grow our Grocery and Retail offering and is a testament to our commitment to enhancing customer experience and providing customers with even greater choice and convenience. By integrating instashop’s innovative platform into our operations, we aim to create a more seamless and efficient delivery experience for our customers across the UAE and Egypt whilst also driving further product and technology synergies across our business. Together, we will unlock new opportunities for growth and innovation, setting a new standard in the online grocery and retail sector.”
Nikola Cabarkapa, Chief Executive Officer of instashop, commented that, “Joining forces with talabat marks an exciting new chapter for instashop. We have always been dedicated to connecting our users with their favorite local stores, and now, with talabat’s support, we can amplify our impact even further. This partnership will enable us to leverage talabat’s extensive network and operational expertise, allowing us to enhance our service delivery and continue our mission of providing exceptional convenience to our customers. We are excited about the significant customer and partner benefits this collaboration will bring and look forward to a successful journey ahead.”
