Naspers invests €387 million into Delivery Hero

Naspers, a global internet and entertainment group and one of the world’s largest technology investor has invested EUR 387m into online food ordering and delivery marketplace Delivery Hero to help fuel Delivery Hero’s growth plans. Naspers will also be represented with one member on Delivery Hero‘s Supervisory Board.

According to Bob van Dijk, CEO of Naspers, “Food ordering and delivery presents an attractive opportunity for us. It is a large, underpenetrated, and growing market with potential for success across a broad range of geographies that Naspers knows well. Delivery Hero has already achieved significant traction in some markets, but we believe that the vast majority of high-growth markets are at the beginning of the opportunity cycle. Naspers’ deep expertise in building leading marketplace businesses in high-growth markets, which includes the leading food delivery business in Latin America, combined with the strength of Delivery Hero’s platform, positions us well to build a leading, global food ordering and delivery platform.”

 Delivery Hero has number one market positions in terms of restaurants, active users, gross merchandise value or website traffic, in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region.

The Berlin-based firm operates its own last-mile food delivery primarily in 50+ high-density urban areas around the world and has over 5,000 employees.

Niklas Östberg, CEO of Delivery Hero, said Naspers’ capital and knowhow will support the firm’s growth momentum as it continues to focus on creating an amazing takeaway experience.

Just recently, Naspers’ PayU acquired a significant minority stake in Kreditech and India’s MakeMyTrip raised $330m in funding from Naspers among others.

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