BERLIN — Takeaway delivery service Delivery Hero has raised €387 million (£328 million) to help it take on rivals like Deliveroo and UberEats.
The Berlin-headquartered company — whose growth has been fuelled by local startup accelerator Rocket Internet — has now raised over £1.3 billion, making it one of Europe’s “unicorn” companies. It employs over 5,000 people.
The latest funding round in the seven-year-old company came from Naspers, a global internet and entertainment group, at a valuation of $3.1 billion (£2.4 billion).
Niklas Östberg, CEO of Delivery Hero, said in a statement: “We are delighted to welcome such a renowned and strong investor with a proven track record in building successful platforms around the world. Naspers’ capital and knowhow will support our growth momentum as we continue to focus on creating an amazing takeaway experience.”
Bon van Dijk, CEO of Naspers, said food delivery is a large and underpenetrated market that has potential for success across a number of countries.
“Delivery Hero has already achieved significant traction in some markets, but we believe that the vast majority of high-growth markets are at the beginning of the opportunity cycle,” said van Dijk in a statement. “Naspers’ deep expertise in building leading marketplace businesses in high-growth markets, which includes the leading food delivery business in Latin America, combined with the strength of Delivery Hero’s platform, positions us well to build a leading, global food ordering and delivery platform.”
The investment into Delivery Hero comes on the same day that London startup Improbable announced a $502 million (£390 million) investment from Japanese tech giant SoftBank.
Source: Business Insider Tech