Instacart acquires Instaleap to expand its business globally

Instacart has acquired a Colombian grocery tech company Installapthe company he announced the second. The financial terms of the deal were not disclosed.

Founded in 2019, Instaleap is a global solutions fulfillment platform that helps retailers manage and grow their online operations. The company has customers in about 30 countries in Latin America, Europe, and the Middle East.

Although Instacart is best known for grocery delivery, it has been investing in product technology and fulfillment services over the past few years. Its e-commerce platform, Storefront Pro, supports e-commerce for more than 380 retailers, including Aldi, Costco, Publix, and Sprouts. In addition, its Carrot Ads platform allows more than 310 retailers to build and grow their online and in-store advertising business.

Since Instacart’s delivery service is only available in North America, this acquisition will allow the company to expand its business in international markets without the need to establish a delivery network in those regions.

Instacart will begin operating as part of Instacart, the company says. Instacart plans to expand its business technology to Instaleap partners over time.

“We see an opportunity to grow globally through a business-led approach that empowers retailers around the world to meet the needs of their customers,” said Ryan Hamburger, chief marketing officer at Instacart, in a statement. “By combining Instaleap’s expertise, global expertise, and deep supplier relationships, we can accelerate our global development and better serve our suppliers and consumers around the world.”

“We built our platform focusing on the unique needs of food retailers in various global markets,” said Instaleap co-founder and CEO Antonio dos Santos Nunes in a statement. Press release. “Joining Instacart allows us to expand our capabilities with the help of a trusted partner who shares our commitment to retail success.”