Delivery Hero SE

In May 2011 Niklas Östberg founded Delivery Hero and began his journey of building a leading global business in online food ordering. His founding team, completed by members of Team Europe, shared decades of knowledge of working with internet companies. Just as importantly, they shared a vision for the future of online food ordering. Together with a hand-picked, passionate team they managed to truly catapult the business to where it is today. Delivery Hero and its headquarters are located in Berlin, boasting around 1,500 employees in HQ alone. Diversity is a key pillar for our success. Employees with over 90 nationalities across 5 continents work for us, enabling us to exchange best practice from markets from each corner of the world. Fortunately, we are not the only ones who believe in our vision to transform the industry. The business is backed by first-tier investors, and we are happy to see a very positive development of our stock price.

11 Feb 2020

Delivery Hero acquires Zomato’s food delivery business in UAE for $172 million

Another day another Delivery Hero acquisition in MENA. As reports last month suggested, Berlin-headquartered Delivery Hero today has announced the acquisition of Indian food delivery unicorn Zomato’s food delivery business in the United Arab Emirates. The acquisition is being made through Delivery Hero’s Talabat (Talabat Middle East Internet Services Company). The statement by the company has not revealed the financial details of the transaction but India Times has reported that Delivery Hero is paying $172 million for Zomato UAE. Zomato that is now present in over 20 countries had expanded to UAE in 2012 – it was the country’s first international market. Delivery Hero in the statement has said that the acquisition will add 1.2 million month orders and $2 million in monthly revenue to Delivery Hero’s MENA Business and strengthen its “leadership position” in the country. That translates into $24 million of annual revenue. Almost half or $359 million of Delivery Hero’s revenue last year had come from MENA (including Turkey). The company had facilitated over 190 million orders in the region with a GMV of over $2.3 billion in 2018. Delivery Hero also owns Kuwait’s Carriage and Talabat (now HQed in Dubai), Egypt’s Otlob, and Saudi’s Hunger Station. All the startups were acquired by Delivery Hero or Rocket Internet during the last few years. Niklas Östberg, CEO of Delivery Hero, said, “Zomato has built a successful food delivery business in the UAE and India on the back of its restaurant search and discovery app and website. The acquisition will allow us to further improve our service to customers in the UAE. We are also excited to become a shareholder in Zomato’s rapid food delivery growth story in India and share our learnings.“ Delivery Hero will also participate in Zomato’s latest funding round by investing USD $50 million into Zomato’s global business, the company said in the statement. Deepinder Goyal, CEO of Zomato, commented: “I am delighted to welcome Delivery Hero as a partner and shareholder and look forward to learning from their global experience to help us strengthen our fast-growing India food delivery business.”

United Arab Emirates · 3 Mar 2019

Rocket Internet buys Kuwait food delivery service Talabat

FRANKFURT, Feb 11 (Reuters) - German e-commerce group Rocket Internet agreed to buy Kuwait-based food delivery service Talabat for about 150 million euros ($169.6 million) as part of efforts to create the biggest delivery network outside China. The move comes only days after Rocket splashed out hundreds of millions of euros to increase its stakes in grocery service HelloFresh and Delivery Hero and announced the formation of its new Global Online Takeaway Group. The latest addition to the group, Talabat, operates in Middle Eastern countries including Kuwait, Saudi Arabia and the United Arab Emirates, cooperating with restaurants such as Burger King, KFC and Pizza Hut, Rocket said on Wednesday. “The Middle East is one of the most attractive markets with significant growth potential and highly attractive EBITDA (earnings before interest, tax, depreciation and amortisation) margins,” top executive Oliver Samwer said in a statement. Rocket also said its 50 percent-owned Foodpanda had struck a deal to buy 24h.ae, which it said was a strong player in the United Arab Emirates. Both transactions are expected to close in the next few weeks, Rocket said. While Berlin-based Rocket sees itself as building an e-commerce operating empire, some investors see it as a launchpad for future stock market listings of everything from online fashion to home furnishings to personal finance firms.

Germany · 10 Feb 2015