The acquisition has been valued at USD 360 Million with operations in the UAE, Bahrain, Egypt, Greece, and Lebanon. This is Delivery Hero's first acquisition in the region's e-grocery industry. InstaShop will continue to work as an independent brand with plans to launch in new markets and invest further ingrowth.
BSA's TMT and M&A practice groups advised on all aspects of the transaction. The team was led by Senior Associate, Nadim Bardawil with support from Rima Mrad, Tala Azar, and Simon Isgar. Nadim commented, "We are very proud to have been able to assist Delivery Hero on the successful acquisition of InstaShop marking another milestone for Delivery Hero's growth in the Middle Eastern market".