Instacart acquires Instaleap to expand its enterprise platform internationally

Instacart has acquired the Columbia-based grocery technology company InstalibCompany Announce Tuesday. The financial terms of the deal were not disclosed.

Founded in 2019, Instaleap is a global fulfillment solutions platform that helps retailers simplify and scale their online operations. The company has clients in nearly 30 countries in Latin America, Europe and the Middle East.

While Instacart is mostly known for grocery delivery, it has been investing in retail technology and fulfillment services over the past several years. Its commerce platform, Storefront Pro, powers the e-commerce operations of more than 380 grocery stores, including Aldi, Costco, Publix and Sprouts. Additionally, the Carrot Ads offering allows more than 310 retailers to build and scale their online and in-store advertising businesses.

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

The company says Instaleap will initially operate as a wholly-owned subsidiary of Instacart. Instacart plans to expand more of its enterprise technology to Instaleap partners over time.

“We see a meaningful opportunity to expand internationally through an enterprise-led strategy that enables retailers around the world to meet the evolving needs of their customers,” Ryan Hamburger, Instacart’s chief commercial officer, said in a statement. “With the addition of Instaleap’s technology, international expertise and deep retail relationships, we can accelerate our international expansion and better serve retailers and consumers around the world.”

“We built our platform with a deep focus on the unique needs of grocery retailers across diverse international markets,” said Antonio Dos Santos Nunes, co-founder and CEO of Instaleap. press release. “Joining Instacart allows us to expand our impact with the support of a trusted partner who shares our commitment to retailer success.”