UAE's Talabat acquires InstaShop for $32M
The move strengthens Talabat’s grocery and retail portfolio in the UAE and Egypt.

UAE-based delivery platform Talabat has completed the $32 million acquisition of Dubai-based grocery service InstaShop.
Shutterstock
UAE-based delivery platform Talabat has completed the $32 million acquisition of Dubai-based grocery service InstaShop from its German parent company, Delivery Hero. The move strengthens Talabat’s grocery and retail portfolio in the UAE and Egypt.
The company confirmed the transaction was fully funded through Talabat’s internal cash reserves on Thursday. Following the acquisition, Talabat’s pro forma grocery and retail GMV for 2024 has exceeded $2.5 billion, with integration efforts already underway to enhance operational and technological efficiencies.
Delivery Hero originally acquired InstaShop in 2020 for $360 million as part of its Middle East and North Africa expansion. However, the $32 million sale price aligns with InstaShop’s capital amount, following Delivery Hero’s corporate restructuring ahead of Talabat’s IPO in December 2024.
Tomaso Rodriguez, CEO of Talabat, stated: "By integrating InstaShop’s platform, we aim to create a more seamless and efficient delivery experience for our customers in the UAE and Egypt while unlocking product and technology synergies across our business.”
Popular
Spotlight
More from Business
ECC approves changes in Reko Diq overall development plan
Financial commitments and project finance considerations reviewed
More from Lifestyle
Warner Bros. Discovery acquires 30% stake in OSN Streaming for $57 million
The transaction will be carried out in stages and remains subject to customary conditions, including regulatory approvals.
Depardieu faces trial for assaults
Meet the man preserving Pakistan’s musical heritage!
More from World
SpaceX rocket fuel makes stunning swirl in European sky
The spiral was created after the rocket's first-stage booster, which blasted it off the ground, separated, and the upper stage took over, scientists say
Comments
See what people are discussing