Ride-hailing inDrive acquires Pakistan’s Krave Mart to bolster grocery delivery
Global ride-hailing company inDrive, known for its bid-based pricing model, has acquired Pakistan-based quick-commerce startup Krave Mart, TechCrunch has learned, as it pushes further into grocery delivery and commerce services in South Asia. The all-stock deal, agreed last year, has received approval from the Competition Commission of Pakistan, allowing the companies to proceed with the transaction, two sources familiar with the matter told TechCrunch.
inDrive confirmed the acquisition but declined to disclose its financial terms.
The startup delivers groceries in about 30 minutes through a network of dark stores.
Groceries brand,” said Andries Smit, chief growth businesses officer at inDrive, in an email statement.
Expanding grocery delivery in Pakistan could prove difficult.
Quick-commerce typically requires significant time and capital before it becomes meaningfully profitable, making it difficult for new entrants to scale, the source said. According to data from Sensor Tower, inDrive has been the world’s second-most downloaded ride-hailing app since 2022 and ranks as the fourth-most downloaded travel app globally, behind Google Maps, Uber, and Waze, with more than 400 million downloads.
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