Delivery Hero to acquire InstaShop from VentureFriends for $360m.

Delivery Hero, a European multinational online food-delivery service, agreed to acquire InstaShop, one of the largest online grocery platforms in the Middle East and North Africa, from VentureFriends, a venture capital company, for $360m. "The InstaShop team embodies our values and brings a strong vision and capabilities. As a leading player in the grocery segment, InstaShop has built a service customers love, and their expertise is a great addition to our quick commerce expansion. Together, we will continue to invest to drive the future of delivery by pushing the standards for speed and convenience," Niklas Östberg, Delivery Hero CEO and Co-Founder.