food delivery

The move highlights intensifying competition in the UAE’s on-demand delivery sector

The delivery company reported lower quarterly profit and adjusted EBITDA as it invested in expanding its grocery, loyalty and retail businesses

Chief executive officer Toon Gyssels said the company delivered a strong start to the year despite a ‘dynamic environment of heightened uncertainty’

Two-wheeler riders, who make up the bulk of last-mile deliveries, are especially vulnerable to slick roads, poor visibility and flooded underpasses, leading platforms to halt deliveries proactively rather than risk accidents

The strong Q1 performance underscores rising consumer demand for digital convenience and the platform’s ability to diversify beyond restaurant orders

talabat has completed the acquisition of 100 per cent of instashop’s share capital from Delivery Hero, effective and consolidated in talabat’s financial accounts from February 25