Delivery Hero buys Dubai’s InstaShop for $270m
Delivery Hero is branching out of online meals with the deal pushing it into Germany’s blue-chip DAX 30
27 August 2020 - 17:03
Berlin — Germany’s Delivery Hero has agreed to buy online grocery marketplace InstaShop for an initial $270m, as it branches out of online takeaway meals into new services.
Delivery Hero, catapulted this week into Germany’s blue-chip DAX 30 index less than a decade after its founding, has been one of the winners of the Covid-19 pandemic as more people order meals in due to lockdowns...
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