Instacart acquires Instaleap, terms undisclosed

Instacart (CART) announced its acquisition of Instaleap. The company has established relationships with nearly 100 grocery retailers and marketplaces outside North America, including Cencosud, Continente, Jeronimo Martins, Lulu, and SPAR. Instaleap will initially operate as a wholly-owned subsidiary of Instacart. “We see a meaningful opportunity to expand internationally through an enterprise-led strategy that empowers retailers across the globe to meet the evolving omnichannel needs of their customers,” said Ryan Hamburger, chief commercial officer at Instacart. “We’ve already seen growing global demand for our online and in-store technologies, including Storefront Pro and Caper Carts, with early traction in Europe and Australia. 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.”