On-demand grocery startup Instashop acquired by Delivery Hero for $360M — Greece’s biggest tech exit yet – TechCrunch
Instashop, the Greece-headquartered on-demand grocery business, is being acquired by Delivery Hero for $360 million — thought to be the country’s biggest tech exit yet. The strategy behind the acquisition is to provide Delivery Hero, a global operator in takeout ordering and delivery, with “deep exp…
✒ Delivery Hero is a British-based restaurant delivery company; InstaShop is a Dubai-based grocery delivery platform.
Online delivery is a game of scale and expansion (in terms of both geography and service offering). Uber is adopting the same and that is how the super-apps in China have flourished.