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Category Sales Growth Feb - Mar 2020 Percent Growth (%)
InstaShop is a grocery-on-demand start-up that was first launched in Dubai but expanded across the rest of the UAE and into Qatar, Egypt, Bahrain, Lebanon, and Greece.
Originally a marketplace for ondemand grocery delivery, InstaShop has also now expanded to cater to florists, pharmacies, butcheries, bakeries, and pet shops.
As a provider of all things food, grocery, pharmacy and medication, Instashop saw major growth when corporate hypermarkets and department stores like Carrefour struggled to deliver for the millions of consumers stuck at home.
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Dubai’s Digital Economy and Its Expanding Startup Ecosystem
Dubai’s startup ecosystem will have raised over USD 2 billion by the end of 2022, with self-employed and digital economy roles tripling. Few MENA markets have a 20-year-old startup ecosystem birthing multiple unicorns. Dubai has been the digital startup hub for tech giants and new unicorns alike. Since 2017, Dubai has raised 96% of UAE’s funds, totaling over USD 2 billion by October 2022. LinkedIn data shows a booming digital economy job market with increasing opportunities and remote work options. Learn from top home-grown startups and global transplants why Dubai is poised to become the next digital economy capital of the world.
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