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 […]
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 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 […]
The Smart Kitchen Summit will host its first European edition of the conference this June in Dublin.
Five Seasons Ventures has announced that it has closed its first VC fund at €60 million to invest in early stage European food and agritech startups. The new Paris-based firm will target startups working on new food products, processes, and supply chain challenges. Backers in the fund include the European Investment Fund, Nestlé, Fondo Italiano […]
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 […]
Dutch food delivery company Takeaway.com is planning to go public in Amsterdam by the end of this month, and today announced its IPO price range. The indicative price range for the company’s initial public offering is set at €20.5 to €26.5 per share, valuing Takeaway.com at an enterprise value of €760 million to €974 million […]