{"id":71621,"date":"2023-06-20T00:00:00","date_gmt":"2023-06-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/20\/dubais-instashop-acquires-wholesale-marketplace-grocart\/"},"modified":"2023-06-20T00:00:00","modified_gmt":"2023-06-20T00:00:00","slug":"dubais-instashop-acquires-wholesale-marketplace-grocart","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/20\/dubais-instashop-acquires-wholesale-marketplace-grocart\/","title":{"rendered":"Dubai\u2019s InstaShop acquires wholesale marketplace GroCart"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Dubai-based online grocery marketplace InstaShop acquired 100% of B2B <\/span><span style=\"font-weight:700\">wholesale marketplace <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/thegrocart.com\/\" style=\"\">GroCart<\/a><\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/947.pdf\" style=\"\">press release (pdf)<\/a><\/span><span>. GroCart declined to disclose the value of the acquisition when approached by Enterprise Logistics. The acquisition boosts <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/instashop.com\/\" style=\"\">InstaShop<\/a><\/span><span style=\"font-weight:400;\">'s presence in the online grocery delivery market and allows it to expand further into the FMCG wholesale industry, the statement said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s next:<\/span><span> GroCart plans to expand across the MENA region, with a focus on countries with a high concentration of small shops, like Egypt, the press release said. The company also plans to upgrade its platform and provide financing solutions to businesses, <\/span><span>cofounder and COO <\/span><span>Nesma Zaghow<\/span><span style=\"font-weight:400;\"> told Enterprise Logistics, adding that it will continue to operate under its independent brand following the acquisition.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What they said:<\/span><span style=\"font-weight:400;\"> \u201cBy leveraging our extensive network and cutting-edge technology, we aim to revolutionize the way companies shop, ensuring efficiency, cost effectiveness, and a seamless experience,\u201d John Tsioris, founder and CEO of InstaShop said. \u201cTogether with InstaShop, we aim to radically facilitate the way FMCG trade, financing and payments are done,\u201d CEO Hussein Hosni said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Instashop: <\/span><span>InstaShop is an on-demand grocery delivery app operating in the UAE, Bahrain, Egypt, Lebanon. Established in 2015, it now has over 500k active users and partnerships with over 1k supermarkets and specialty stores. In 2020, it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.deliveryhero.com\/newsroom\/delivery-hero-acquires-instashop-and-publishes-h1-2020-report-2\/\" style=\"\">was acquired<\/a><\/span><span>by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.deliveryhero.com\/\" style=\"\">Delivery Hero<\/a><\/span><span>, a global food delivery company based in Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About GroCart:<\/span><span style=\"font-weight:400;\"> Founded in 2020, GroCart is a B2B platform that aims to streamline wholesale food and grocery operations for suppliers. The platform makes it easier for suppliers to sell and deliver their products to small businesses such as small grocery stores and supermarkets. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition will see it expand its market presence across the MENA region<\/p>\n","protected":false},"author":1,"featured_media":71622,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[17,137,651,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterprise-logistics","tag-ma-watch","tag-startup","tag-uae","wpautop","entry"],"acf":{"mongo_id":"8bf0d953-fe1c-474a-a51a-819b3fbff2c3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/958.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GroCart acquired by online grocery marketplace InstaShop","related_issue":[71614],"teaser":"The acquisition will see it expand its market presence across the MENA region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.0d433855-3ca3-42e4-92a3-f57f870aeda9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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