InstaShop Ltd
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 | |
| Type of business | Subsidiary of Delivery Hero |
|---|---|
| Founded | June 2015 |
| Country of origin | United Arab Emirates |
| Area served | EMEA (9 countries) |
| CEO | John Tsioris |
| Industry | App |
| Services | Online marketplace |
| Employees | >10,000 |
| Website | InstaShop.com |
| Native client(s) on | iOS, Android |
InstaShop (Arabic: انستاشوب) is an E-commerce technology company and mobile application founded in the United Arab Emirates in 2015[1] currently operating in 9 countries.
InstaShop was founded in 2015 in Dubai, by John Tsioris[2] and Ioanna Angelidaki[3] as a grocery app. After being nominated by Forbes as one of "The most promising UAE startups" of 2016,[4][5] reason why Souq.com (now Amazon) quickly decided to invest on the project.,[5][6] InstaShop expanded in Qatar, Bahrain, Egypt, and Lebanon in 2018.[7] Also in 2018, Forbes Middle East awarded InstaShop as one of the top 100 startups.
In 2019 InstaShop has gone from being a Grocery Delivery App to delivering multiple types of products, reaching more than 500,000 users during the COVID-19 pandemic. [8][9] [10]
Following this growth, the app was acquired by the German holding Delivery Hero based on a valuation of USD 360 million.[11][12][13][14][15]
After the expansions in Oman, Kuwait, and Saudi Arabia, InstaShop gradually expanded its offer by adding other categories such as pharmacies, restaurants, and electronics.
References[edit]
- ↑ "Generation Start-up: Instashop eyes global expansion for its grocery delivery app". The National. Retrieved 2020-09-09.
- ↑ Vinita (2019-10-28). "Redefining Grocery Shopping: An Interview with John Tsioris, Founder & CEO of InstaShop". Gulf Insider. Archived from the original on 2020-10-23. Retrieved 2020-09-09. Unknown parameter
|url-status=ignored (help) - ↑ East, Forbes Middle. "Ioanna Angelidaki, Co-Founder Of InstaShop, Is Riding The Wave Of An E-Commerce Boom". Forbes ME. Retrieved 2020-09-09.
- ↑ "Forbes Most Promising UAE Startups In 2016". AM Marketing, Media, Advertising News in MENA. 2016-10-06. Retrieved 2020-09-09.
- ↑ 5.0 5.1 Hariharan, Sindhu (2016-10-31). "UAE-Based Online Grocery Startup InstaShop Raises Funds From Souq.Com". Entrepreneur. Retrieved 2020-09-09.
- ↑ Robert Anderson (2016-10-17). "Souq.com invests in grocery app InstaShop". Gulf Business. Retrieved 2020-09-09.
- ↑ "Lebanese delivery apps eye growth in grocery e-commerce - Executive Magazine". Retrieved 2020-09-09.
- ↑ "How COVID-19 impacts consumer behavior, leading to a +53% growth of InstaShop". Khaleej Times. Retrieved 2020-09-09.
- ↑ "Covid-19: Instashop sees business surge amid coronavirus pandemic". ArabianBusiness.com. Retrieved 2020-09-09.
- ↑ East, Forbes Middle. "Top 100 Startups in the Middle East 2018". Forbes ME. Retrieved 2020-09-09.
- ↑ "Germany's Delivery Hero acquires grocery app InstaShop for $360m". capital.com. Retrieved 2020-09-09. Unknown parameter
|url-status=ignored (help) - ↑ "Delivery Hero buys InstaShop to expand in Middle East, North Africa". Reuters. 2020-08-27. Retrieved 2020-09-09.
- ↑ Tucker, Charlotte (2020-08-27). "Delivery Hero acquires InstaShop - a leading online grocery marketplace in MENA". EU-Startups. Retrieved 2020-09-10.
- ↑ "Delivery Hero buys Dubai's InstaShop as pandemic revenues surge". Arab News. 2020-08-27. Retrieved 2020-09-09.
- ↑ "InstaShop, a hyperlocal grocery app startup founded in 2015 by two college students, sold to Delivery Hero for a whopping $360 million". Tech News | Startups News. 2020-08-28. Retrieved 2020-09-09.
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