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$32.0m

Valuation: $32.0m

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Total Funding000k
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More about InstaShop
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InstaShop was founded in 2015 by John Tsioris and Ioanna Angelidaki in Dubai. It is a company that specializes in online grocery delivery services.

The company was born out of a personal need for a faster and more convenient way to shop for groceries. The founders, both with a background in technology and business, identified a gap in the market for a reliable on-demand grocery delivery service in the UAE.

InstaShop's business model is based on a marketplace platform that connects customers with local supermarkets and grocery stores. The company makes money by charging a commission on each order placed through its platform. The platform allows users to browse and shop from a wide range of products, including fresh produce, pantry staples, and household items. The service is designed to be user-friendly, with a simple ordering process and real-time tracking of deliveries.

In 2020, InstaShop was acquired by Delivery Hero, a leading global online food ordering and delivery marketplace. The acquisition has allowed InstaShop to expand its reach and services, while also benefiting from Delivery Hero's expertise and resources.

Keywords: grocery delivery, on-demand, e-commerce, marketplace, retail, food and beverage, delivery service, online shopping, mobile app, convenience.

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Investments by InstaShop

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GroCart
ACQUISITION by InstaShop Jun 2023