Germany’s Delivery Hero makes giant bet on growth in Asia, buys South Korea’s Woowa for $4 billion

Update (16 January 2020): Delivery Hero has raised €2.3 billion to finance its acquisition of Woowa While Takeaway.com, Prosus and Just-Eat are involved in a (rather vicious) consolidation battle, Germany-born rival Delivery Hero hasn’t been sitting still. The company is making an giant bet on Asia by acquiring South Korea’s top food delivery app operator […]

Online food ordering giant Delivery Hero swallows Cyprus-based startup Foody

Berlin-based Delivery Hero, one of the biggest online food ordering and delivery marketplaces in the world, has made a small acquisition in Cyprus to expand its footprint. The company has picked up Foody, a Nicosia-based startup that has offered an online food ordering service in Cyprus since 2015, having partnered with more than 750 restaurants […]

Delivery Hero grows revenues to €687 million, mostly thanks to Middle East

German-founded online food delivery company Delivery Hero has published its financial results in 2018, reporting revenue growth of 64.6 percent year-on-year to €687 million. The company also reported €105 million in revenues from its operation in Germany, which was recently purchased by Takeaway.com for €930 million, pending final approval. According to Delivery Hero’s numbers, the […]

Delivery Hero sells its operations in Germany to Takeaway.com for €930 million

Berlin-based online food delivery company Delivery Hero is selling its German operations to the Dutch competitor Takeaway.com for €930 million. The deal includes Lieferheld, Pizza.de, and foodora, a food delivery business that Delivery Hero acquired from Rocket Internet in 2015. Takeaway.com will pay €508 million in cash and the rest in shares, which would result […]

Delivery Hero beats expectations with €544 million in revenue for 2017

German food delivery marketplace Delivery Hero has announced a 60% increase year-on-year in revenues globally, reaching €544.2 million for 2017. In Europe, the company had revenues of €198.8 million in 2017, up from 2016’s €146.7 million and the number of orders grew from 57.2 million to 73.3 million. The figures in the earnings reports do […]