Talabat Holding plc (‘talabat’) has completed the acquisition of 100 per cent of InstaShop Ltd’s (‘InstaShop’) share capital from Delivery Hero SE.
The transaction, valued at $32M, was fully funded through talabat’s internal cash reserves. InstaShop is now a wholly owned subsidiary of talabat and will be consolidated into its financial accounts from 25 February 2025.
Tomaso Rodriguez, Chief Executive Officer of talabat said: “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.”
The company talabat stated that the acquisition strengthens its grocery and retail segment while expanding its partner network across the MENA region. Following the transaction, talabat’s pro forma grocery and retail gross merchandise value (GMV) for 2024 has exceeded $2.5bn.
