We are delighted to congratulate Talabat on its successful debut on the Dubai Financial Market (DFM), raising an impressive $2.04 billion.
As the leading on-demand delivery platform in MENA, Talabat serves over 6 million monthly active customers across eight countries, addressing a population of over 71 million. Its online marketplace provides a convenient, personalized way to order food, groceries, and other essentials from a diverse range of restaurant and retail partners. Talabat has been a cornerstone of MENA’s tech ecosystem, and its IPO represents a significant moment in the region’s technological evolution.
In this exciting new phase, we look forward to seeing Talabat continue to deliver more growth and convenient customer offerings across the region
Redseer and OC&C’s Role in Talabat’s Success
Redseer Strategy Consultants and OC&C Strategy Consultants are honored to have partnered with Talabat as market consultants, contributing to its remarkable IPO journey. Leveraging our combined expertise in growth and strategy consulting, we delivered comprehensive market and industry insights to support this historic achievement.
We look forward to witnessing Talabat’s continued success and contributions to the digital landscape in MENA and beyond.
Some trends in hyperlocal ecosystem in MENA :
The hyperlocal ecosystem in the MENA region is experiencing robust growth, driven by evolving consumer preferences and market dynamics. Key trends shaping the sector include:
- Sustained market growth as consumers increasingly adopt the convenience of online food and grocery ordering, demonstrating a willingness to pay for these services.
- A shift in growth drivers, with platforms now focusing on increasing the share of wallet rather than just consumer acquisition. Strategies such as multi-vertical expansion—where food delivery platforms offer quick grocery services and vice versa—and the introduction of paid subscription programs are expected to play a significant role.
- Unique to the MENA region, hyperlocal platforms benefit from positive unit economics, supported by favorable logistics costs, high order volumes, and substantial order values.
Recent developments further illustrate the sector’s maturity. Talabat- A renowned household brand’s successful public listing on the Dubai Financial Market marks a significant milestone for the hyperlocal and quick-commerce ecosystem. This underscores the region’s progressing investment climate and its readiness for further evolution.
