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, 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 […]

Just Eat buys City Pantry for £16 million to enter the corporate catering market

Online food order and delivery service Just Eat has entered the B2B catering market with the acquisition of London-based City Pantry for an initial cash consideration of £16 million. Further cash consideration may be due if City Pantry achieves agreed operational and financial targets over the next three years. City Pantry basically links caterers and […]

French startup EKIM raises €2.2 million for its fast food “robulution”

French food tech startup EKIM has raised €2.2 million from Partech and Daphni to launch a new fast food solution called PAZZI. PAZZI is EKIM’s project for a food “robolution” - using robots, apps, and data analysis to offer “tech good food” including pizza, drinks, desserts, and salads. PAZZI will be the world’s first remotely […]

Take-away ordering giant Delivery Hero raises massive €387 million in pre-IPO funding from Naspers

Take-away food ordering and delivery service Delivery Hero has raised €387 million (about $423 million) from Naspers, a global Internet and media group that often backs and acquires companies in Europe. The Berlin-headquartered company, one of Rocket Internet’s most successful portfolio companies, has raised more than $1.4 billion to date and currently enjoys a reported […]