Delivery Hero buys InstaShop for €305 million, a record sum for a Greek startup

InstaShop, a Greek-owned company whose grocery ordering app is especially popular in the Middle East, has been sold to Germany’s Delivery Hero for €305 million, the largest price ever commanded by a Greek startup.

Launched in 2015 in the United Arab Emirates by John Tsioris (photo) and Ioanna Aggelidaki, it has expanded to Qatar, Bahrain, Egypt and Lebanon.

Prime Minister Kyriakos Mitsotakis tweeted: