The food delivery leader Delivery Hero SE announced the acquisition of a leading online grocery marketplace InstaShop for approximately $360 million. InstaShop connects customers with vendors in the Middle East and North African region.
- After thjis transaction, Delivery Hero continues to complement its position in grocery delivery and emphasizes the importance of q-commerce.
- InstaShop is also a leading grocery delivery marketplace in the MENA region.
- The acquisition of InstaShop marks the next step in Delivery Heros quest to pioneer q-commerce the next generation of e-commerce
In December 2019, Delivery Hero SE had signed a joint venture agreement with shareholders, including senior management, of Woowa Brothers Corp. The Transaction reinforces Delivery Heros commitment to expand into fast-growing Asia and solidifies its position as the largest global food delivery platform, outside of China by number of orders. As part of the transaction, a Joint Venture with the management of Woowa will be established in Singapore.
In May 2019, Delivery Hero SE announced investments in the Series A funding round for BIO-LUTIONS International AG (BIO-LUTIONS). As an innovator in the field of bio-materials, BIO- LUTIONS produces sustainable packaging and disposable tableware made from agricultural residues.
Through its portfolio of market-leading food delivery businesses, Delivery Hero works with more than 290,000 local and global restaurant partners worldwide to create amazing on demand experiences. Packaging is an important, yet often overlooked, part of a great experience. Already more and more customers ask for sustainable packaging options, as they look to do their part for our environment.
About Delivery Hero
Delivery Hero headquartered in Berlin, Germany, is one of the leading global online food ordering and delivery marketplaces. The company offers online platform for food order and its delivery in over 200 cities across the world. The company has active users in more than 41 countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. The company provides employment opportunities to approximately 21,000 people.