{"id":23311,"date":"2023-06-19T14:14:37","date_gmt":"2023-06-19T14:14:37","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=23311"},"modified":"2023-06-19T14:14:37","modified_gmt":"2023-06-19T14:14:37","slug":"instashop-acquires-grocart","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/06\/19\/instashop-acquires-grocart\/","title":{"rendered":"InstaShop acquires B2B marketplace GroCart"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">Online delivery company <a href=\"https:\/\/instashop.com\/\" target=\"_blank\" rel=\"noopener\">InstaShop<\/a> has acquired UAE-based B2B wholesale marketplace GroCart.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This acquisition aligns with InstaShop&#8217;s regional growth strategy, enabling the company to expand into traditional trade and HORECA business.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The acquisition reflects InstaShop\u2019s goals to expand its market presence and enhance the accessibility of grocery shopping for customers and businesses.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founder and CEO of InstaShop, John Tsioris, said: \u201cWe recognise the evolving needs of businesses in today\u2019s dynamic market, and we are thrilled to announce our acquisition of GroCart.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;By leveraging our extensive network and cutting-edge technology, we aim to revolutionise the way companies shop, ensuring efficiency, cost-effectiveness, and a seamless experience. This alliance allows us to forge new partnerships and unlock innovative solutions for businesses empowering them to thrive in the digital economy.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founded by Hussein Hosni and Nesma Zaghow, <a href=\"https:\/\/www.meretailnews.com\/2022\/10\/20\/grocart-to-expand-operations-in-mena\/\">GroCart<\/a> was established to support the transformation of the grocery market scene during the lockdown.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The platform streamlines retail supply chain logistics for FMCG retailers through a web platform. With more than 200 partnerships in the UAE, GroCart plans to expand its B2B operations across the entire Mena region, targeting countries with a high concentration of small shops such as Egypt.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe are excited to take GroCart to new heights alongside InstaShop,\u201d added Mr Zaghow.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0\u201cThe shared vision between Instashop and Grocart is exciting, we believe that together we will be able to enhance our impact while pushing the boundaries of customer experience.\u201d<\/span><\/p>\n<p>According to a recent report on the Saudi and UAE markets by\u00a0Frost &amp; Sullivan\u00a0consulting firm, the grocery purchase market size in the UAE amounts to more than $27 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delivery company InstaShop has bought Dubai-based B2B wholesale marketplace GroCart to facilitate expansion into traditional trade and HORECA business<\/p>\n","protected":false},"author":40,"featured_media":18840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1],"tags":[4542,4333,4885,3966],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23311"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23311"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23311\/revisions"}],"predecessor-version":[{"id":23313,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23311\/revisions\/23313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18840"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}