Delivery Hero closes €110M round that values the company at €2.8B

rocket-internet-delivery-hero-700Delivery Hero, a major part of Rocket Internet‘s Global Online Takeaway Group, has closed a new round of funding of $110 million which increases the overall valuation of the company to €2.8 billion (or $3.1 billion). The global leader who has very recently acquired Istanbul-based regional counterpart Yemeksepeti for a staggering $589 million, says the new funds will mostly be used in “selective acquisitions”, according to the company press release.

The investment came from two public market investors in the US whose names are withheld by the company. Prominent investors of Delivery Hero presently include Insight Venture Partners, General Atlantic and Rocket Internet.

Delivery Hero currently claims market leadership in 30 countries, and running a network of over 200K restaurants in 34 countries. It says the network processes 10 million orders a month generating more than $165 million in monthly sales.

Niklas Östberg, CEO of Delivery Hero, commented: “We are delighted to further strengthen our investor base with two first-rate public market funds sharing our long-term vision of transforming the online food ordering industry.”

Oliver Samwer, Founder and Chief Executive Officer of Rocket Internet, commented: “The investments by reputable investors exemplify the attractiveness of Rocket’s assets. They demonstrate that the investments in Delivery Hero by the Global Online Takeaway Group, which is today the largest and only strategic shareholder in Delivery Hero, continue to look very promising. They also validate once again the LPV attached to Delivery Hero by renowned third party investors.”

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