Delivery Hero acquires Kuwaiti startup Carriage to expand its Middle East operations

German take-away delivery marketplace Delivery Hero has acquired Carriage, a Kuwait-based food delivery startup. No terms were disclosed. Carriage, with around $1.3 million in seed funding, operates throughout the Middle East, providing food delivery for restaurants that do not offer the service or plan to discontinue their existing service. The acquisition will bolster Delivery Hero’s […]

Delivery Hero sees 71% jump in revenue, €2.3 billion in orders processed

Germany’s Delivery Hero, the food delivery marketplace, has announced its latest revenue figures which show a 71% increase in revenue in 2016, with the company tipped for an IPO. The Rocket Internet-backed company said it will continue to invest in growth. It is valued at nearly €3 billion and is speculated to be headed for […]

Rocket Internet Capital Partners fund closes at $1 billion

Rocket Internet has announced the closing of its $1 billion fund Rocket Internet Capital Partners [RICP] for investing in early stage and growth startups. This makes it the largest fund of its kind from Europe. Investments will focus on software, e-commerce, fintech, marketplaces, and travel, according to Rocket Internet. The fund has been backed by […]