Ride-hailing inDrive acquires Pakistan’s Krave Mart to bolster grocery delivery

Core Insights - inDrive, a global ride-hailing company, has acquired Pakistan-based quick-commerce startup Krave Mart to enhance its grocery delivery and commerce services in South Asia [1][2] Acquisition Details - The acquisition is an all-stock deal that has received approval from the Competition Commission of Pakistan, allowing the transaction to proceed [2] - Financial terms of the acquisition have not been disclosed by inDrive [2] - Krave Mart, founded in 2021, operates in Karachi, Rawalpindi, and Lahore, delivering groceries in about 30 minutes through dark stores [2][3] Strategic Expansion - This acquisition is part of inDrive's strategy to expand beyond ride-hailing into grocery delivery services [3] - inDrive initially launched grocery deliveries in Kazakhstan in September 2025 and expanded to Pakistan in January 2023 through a partnership with Krave Mart [3] - The company has a venture and mergers-and-acquisitions arm that aims to invest up to $100 million over the next few years to support its super-app strategy [4] Market Context - The grocery delivery market in Pakistan is competitive, dominated by Foodpanda, which has been operating for over a decade [7] - Quick-commerce requires significant time and capital investment before achieving profitability, posing challenges for new entrants [7] Company Performance - inDrive has been the second-most downloaded ride-hailing app globally since 2022, with over 400 million downloads [8] - The app ranks as the most downloaded ride-hailing service in nine countries, including Pakistan [8] - inDrive operates in over 1,000 cities across 48 markets worldwide, providing a broad base for its expansion into new services [9]