Delivery Hero

Last updated

Delivery Hero SE
Company type Public ( Societas Europaea )
ISIN DE000A2E4K43
Industry Online food ordering
Founded2011;13 years ago (2011) [1]
Founder
  • Niklas Östberg
  • Kolja Hebenstreit
  • Lukasz Gadowski
  • Markus Fuhrmann
Headquarters Berlin, Germany
Area served
Worldwide
Services Food delivery
Revenue €5,856 million (2021)
−1,656,900,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
−2,297,500,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
Total assets 10,487,800,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
Owner
Number of employees
47,981 (2023)
Website deliveryhero.com

Delivery Hero SE [3] [4] is a German multinational online food ordering and food delivery company based in Berlin, Germany. Founded in 2011, the company operates in 70+ countries internationally in Europe, Asia, Africa, Latin and South America, and the Middle East, and partners with 500,000+ restaurants. [5] Delivery Hero has increasingly branched out beyond food delivery, and is a leading player in the emerging category of quick commerce, which delivers small batch orders in under an hour. [6]

Contents

In the third quarter of 2021, Delivery Hero processed 791 million orders—that equals a year-on-year growth of 52%. [7]

While Delivery Hero is headquartered in Germany with offices worldwide, as a "gig economy company" (akin to Meituan, Uber or Airbnb) nearly all of the company's deliveries are carried out by workers using motorcycles, bicycles and cars, dispatched via the company's smartphone apps.

In general, and in contrast to recent legal precedents in Canada [8] and Australia, Delivery Hero does not classify these couriers as employees. This policy has led to ongoing legal battles and labour disputes, and may be linked to the shutdowns of Delivery Hero's operations in several countries. [9]

History

Delivery Hero Holding was founded in Berlin by Niklas Östberg, Kolja Hebenstreit, Markus Fuhrmann and Lukasz Gadowski in May 2011, with the goal of turning Delivery Hero into a global online food ordering platform. [10] [11] Under the leadership of Niklas Östberg and Fabian Siegel, Delivery Hero first expanded to Australia and the United Kingdom in 2011. In early 2012 the enterprise acquired Lieferheld in Germany and acquired a stake in Foodarena, Switzerland. [12]

Delivery Hero then raised €25 million in new funding to finance acquisitions in four European countries: Sweden, Finland, Austria and Poland. In August 2012 Delivery Hero started expanding in both South Korea and China through YoGiYo and Aimifan [13] and the Asian expansion continued in 2013 when Delivery Hero increased investment in TastyKhana following a successful cooperation period. [14]

In 2012 and 2013, the harsh competition between the various delivery service online portals led the German press to dub the events as cyberwar between the big web-portals. There were reports of frequent Denial-of-service attacks against each portal, accusations of data stealing as well as numerous lawsuits of the portals against each other. Delivery Hero was one of the more aggressive actors, and in 2012, the Delivery Hero office in Berlin was raided by police and the prosecution pressed charges against the Delivery Hero management. Delivery Hero was prosecuted for perpetrating DoS attacks against its competitors and stealing data from the other web services. [15] [16]

In 2014, Delivery Hero acquired a controlling stake in Latin American market leader PedidosYa [17] and in August 2014 the group acquired German market leader and rival, pizza.de. [18] [19]

According to TNW Tech5 2014, Delivery Hero was one of Germany's top three fastest growing startups at that time. [20]

In April 2015, Delivery Hero acquired South Korean delivery service Baedaltong, one of the chief competitors of its own YoGiYo service. One month later Delivery Hero bought the Turkish competitor Yemeksepeti for 530 million Euro, which was the largest acquisition in this business sector to date. [21] In October 2015 Delivery Hero also acquired Munich-based food delivery service Foodora from Rocket Internet. [22]

In May 2015, the company acquired e-food.gr, one of the largest food delivery players in Greece. [23]

On 10 December 2016, Delivery Hero acquired Singapore-based Foodpanda, a company valued at an estimated $3 billion at that time. [24]

In December 2016, the company announced the sale of its UK business Hungryhouse to Just Eat for at least £200m. However, the deal needed to be cleared by the Competition and Markets Authority of the UK before completion. [25] On 12 October 2017, the CMA gave preliminary approval for Just Eat to acquire its smaller rival. [26]

In 2016, the company was valued at 2 billion euros. Delivery Hero went public in a listing on the Frankfurt Stock Exchange on 30 June 2017. The market valued it at 4 billion euros (twice as much as its original value). The listing was the largest by a European technology business in almost two years. Delivery Hero raised almost €1bn from the offering. [27]

In February 2018, Delivery Hero acquired deliveras.gr, a food delivery service in Greece. [28]

In December 2018, Delivery Hero sold their German operations to Takeaway.com. [29]

The German stock exchange Deutsche Börse announced on 19 August 2020 that Delivery Hero will replace Wirecard in Germany's leading index DAX. [30] [31]

In August 2020, Delivery Hero acquired Instashop for 360 million dollars, the largest price ever commanded by a Greek startup. [32] The deal has also resulted in a big win for founders and investors, Jabbar Group and Venture Friends the two Venture Capital firms who invested early on in Instashop. [33]

In December 2020, Delivery Hero announced that it would take control of South Korea's biggest food delivery app, Woowa Brothers Corp., at a $4 billion valuation. [34] As part of the transaction, Delivery Hero and the management of Woowa have entered into a strategic partnership regarding the operations of Delivery Hero and Woowa in the Asia Pacific region, and will be able to mutually leverage market insights, technology, and operational best practices. [35]

In May 2021, Delivery Hero restarted its German operations following the entry of competitors Uber Eats and Wolt. [36] However, it once again exited the German market in December, citing high costs. [36]

In May 2024, Uber announced its intention to purchase Delivery Hero’s business in Taiwan, for $1.25 billion. [37]

Investment

In November 2011, Delivery Hero received its first investment funding. In this financing round Team Europe, HV Capital, Tengelmann Ventures, Kite Ventures and ru-Net together invested €4 million. [38] The second funding round took place in April 2012. This time the existing investors raised their investments by €25 million to support the international growth of the enterprise. In August 2012 Delivery Hero received an additional €40 million funded primarily by Kite Ventures and Kreos Capital. [39] Venture capital firm Target Global invested in Delivery Hero in 2013. [40] A Series D financing round saw Delivery Hero receive $30 million from Phenomen Ventures in the latest Series D financing round. [41]

In January 2014, Delivery Hero announced a Series E financing of $88 million led by Insight Venture Partners. [42] A further $85m followed in April 2014 and was used to strengthen Delivery Hero's presence in core markets. [43]

In September 2014, a further $350m of investment was secured from existing partners and Swedish fund Vostok Nafta. [44] This was the largest investment in a European start up since 2009. [45] In December 2014 the company raised another €287 Million from Rocket Internet. The total investment size by Rocket Internet was €496 Million in primary and secondary for a 30% stake in Delivery Hero. [46] Three months later Rocket Internet increased its stake in Delivery Hero to 39%. In February 2018, Rocket Internet reduced its stake in Delivery Hero. As per the latest happening, the shareholding of Rocket Internet in Delivery Hero has reduced from 24.3% to 21.2%. [47]

In January 2017, CEO Niklas Östberg announced that he wanted his company to be ready for an IPO in the second quarter of that year. Delivery Hero would focus on the integration of the recently acquired competitor Foodpanda. According to manager magazin, he was aiming at a valuation of about 3.5 billion Euros. [48]

In May 2017, Naspers, a global internet and entertainment group and one of the world's largest technology investors, invested EUR 387 million in Delivery Hero. After increasing its stake in September 2017, Naspers today holds a stake of app. 26% in Delivery Hero, and so became the largest shareholder of the company. [49]

In December 2017, Delivery Hero led the Series B funding round of Rappi, the largest on-demand delivery company in Latam, operating in 5 countries with over 30,000 couriers. Delivery Hero invested $105M and now holds a stake of 20%, becoming the largest shareholder of the company and bringing Niklas Oestberg to its board of directors. [50] Despite this investment, Rappi will continue to operate as an independent company for the time being. [51] Furthermore, the company owns 83.4% of Spanish startup Glovo, acquiring an additional 39.4% stake in December 2021 after its initial 44%. [52]

In March 2021, the Dutch investment giant Prosus increased its stake in Delivery Hero by 8.2% to 24.99%, through its Dutch subsidiary MIH Food Holdings, making it effectively the largest shareholder in Delivery Hero. [53] Prosus is the international internet assets division of Naspers. [54] In the same month, Delivery Hero finalized the $4 billion acquisition of Woowa Brothers, which operates Baedal Minjok, South Korea's largest food delivery company. [55]

In April 2024, it was reported that activist investor Sachem Head built a 3.6% stake in Delivery Hero. Sachem Head had earlier bought a 5.2% stake in British competitor, Deliveroo. [56]

Acquisitions

Delivery Hero has made a variety of mergers and acquisitions, including:

Operations

Former operations

Financial figures

YearRevenue (Mio. €) EBITDA [62]
(Mio. €)		# StaffSource
201342-26547 [63]
201488-701,018 [63]
2015200-1742,843 [64]
2016297-1076,848 [65]
2017544-19012,882 [66]
2018655-10016,627 [67]
20191,238-43122,515 [68]
20202,472-56843,838 [69]
20215,856-95845,445 [70]
20229,218-46751,118 [71]
202310,463253.647.981 [72]

Controversies

Classification of couriers as independent contractors

In contrast to Delivery Hero's 2018 annual report, which includes "riders" as employees, [73] Delivery Hero's national subsidiaries (Foodora, Foodpanda, etc.) usually classify their workers as independent contractors and not employees. This classification frees Delivery Hero from responsibilities towards its workers, including the right to workers' compensation, sick leave, overtime, unemployment benefits, hazard pay, and protections against wrongful termination of employment or firing.

Pro-employee rulings

Couriers working for Delivery Hero's brands have mounted campaigns to assert their rights, including several successful legal battles. In Australia and Canada, these campaigns led to DH subsidiary Foodora's shutdown in the countries.

In each case, Foodora maintained that the shutdowns were carried out in response to market forces. However, Delivery Hero's 2018 Annual Report shows that the company does indeed assess country-by-country the costs and risks of government policies including social security, stating:

"Country specific and economic requirements, including employment legislation and social security, increase the complexity of the rider management as part of the own delivery services. The constant analysis of regulatory developments is needed to find the best approach in advancing the logistics business. Non-compliance with regulatory requirements may lead to higher rider costs and possible non-compliance fines. This also includes the risk of unavailability of rider personnel restraining the further expansion of the logistic services. This risk is considered as medium." [73]

Australia

In 2018 Foodora Australia abruptly shut down operations while facing several lawsuits: including one from the country's Fair Work Ombudsman which accused the company of sham contracting, [74] and several court cases relating to unpaid benefits and wrongful dismissal.

The Transport Workers Union subsequently accused Foodora of shutting down to “avoid responsibility for paying its riders millions of dollars in backpay as a result of wage theft.” [75]

Canada

In 2019, Foodora couriers Montreal and Toronto began organizing. Subsequently, with the support of the Canadian Union of Postal Workers, Foodsters United, a group of couriers in Ontario, organized a vote on whether or not to unionize with the CUPW. Foodora Canada then challenged the vote prior to the announcement of results, on the basis that Foodora couriers were independent contractors and therefore did not have the right to unionize.

The Ontario Labour Relations Board then ruled that Foodora was misclassifying couriers as independent contractors, and, in a decision which was widely considered a win for couriers, ordered Foodora to consider its couriers "dependent contractors", a new category which affords workers some of the rights of employees. [76] The decision only applied to couriers in Ontario, but was considered to be precedent setting.

In April 2020, two months after Ontario Labour Relations Board decision, Foodora Canada announced that it was shutting down, citing oversaturation of the Canadian market. [77]

Greece

In 2021, e-food.gr couriers in Greece were given an ultimatum to switch their working relationship from employees to independent contractors / freelancers. If not, they would not have their employment contracts renewed. This led to social media backlash over workers' rights. The company was forced to recall their decision due to public outcry, and offered contract renewals to its employees if they wish. [78] Following further public scrutiny and strikes organized by its delivery workers, the company eventually promised to upgrade all delivery employees' employment contracts to indefinite duration contracts, signifying a victory for the delivery workers. [79]

Monopolistic behaviour

Talabat and Carriage, both of which are owned by Delivery Hero, were sued by the Kuwait Competition Protection Authority (CPA) in 2019 after they refused to pay fines totalling more than 5 million KWD (~$16.5 million) due to their monopolistic acts in their contracts with restaurants. [80]

Regulatory fines

In 2023, Germany's Federal Financial Supervisory Authority (BaFin) imposed a 630,000 euro administrative fine on Delivery Hero for failing to disclose inside information. [81]

Related Research Articles

Just Eat is an online food order and delivery platform. It was founded in 2001 in Kolding, Denmark, as a food delivery company, and later headquartered in London, United Kingdom, from 2006 until it was purchased by Netherlands-based Takeaway.com in 2020 forming Just Eat Takeaway.com. Just Eat acts as an intermediary between independent takeaway food outlets and customers. The service operates under the Just Eat brand name in seven countries. The platform enables customers to search for local takeaway restaurants, place orders and pay online, and to choose from pick-up or delivery options. The company Just Eat plc acquired SkipTheDishes in Canada and Menulog in Australia and New Zealand.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

Zomato is an Indian multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in more than 1,000 Indian cities and towns, as of 2022–23. Zomato rivals Swiggy in food delivery and hyperlocal space.

<span class="mw-page-title-main">Hungryhouse</span> British food order and delivery service

Hungryhouse.co.uk was an online takeaway food order and delivery service founded in 2006 and merged with Just Eat in 2018. It allowed users to search for restaurants and browse local takeaway menus before placing an order online and being delivered by the restaurant with a small service charge for using their service.

<span class="mw-page-title-main">Just Eat Takeaway.com</span> Online food ordering company

Just Eat Takeaway.comN.V. is a Dutch multinational online food ordering and delivery company, formed from the merger of London-based Just Eat and Amsterdam-based Takeaway.com in 2020. It is the parent company of food delivery brands including Takeaway.com, Lieferando, Thuisbezorgd.nl, Pyszne.pl, 10bis in Israel, and those acquired from Just Eat, including SkipTheDishes and Menulog. Since the merger, the company has acquired Bistro.sk in Slovakia. It purchased Grubhub in the United States but announced it was selling it in 2024. Just Eat Takeaway operate various food ordering and delivery platforms in twenty countries, where customers can order food online from restaurants’ menus, and have it delivered by restaurant or company couriers directly to their home or workplace using an app or website. The company also partners with IFood in Brazil and Colombia.

Yemeksepeti is a Turkish online food delivery company. It currently operates in 70 cities in Turkey and in Northern Cyprus, with more than 35,000 member restaurants, 18 million users, and 520,000 daily orders.

Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform based in Chicago, Illinois.

Foodpanda is a Singaporean online food and grocery delivery platform owned by Berlin-based Delivery Hero. Foodpanda operates as the lead brand for Delivery Hero in Asia, with its headquarters in Singapore. It is currently the largest food and grocery delivery platform in Asia, outside of China, operating in 11 markets across Asia.

<span class="mw-page-title-main">Ola Consumer</span> Indian ridesharing company

Ola Consumer, formerly Ola Cabs, is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities.

<span class="mw-page-title-main">Food delivery</span> Courier service in which food is delivered to a customer

Food delivery is a courier service in which a restaurant, store, or independent food-delivery company delivers food to a customer. An order is typically made either by telephone, through the supplier's website or mobile app, or through a third party food ordering service. The delivered items can include entrees, sides, drinks, desserts, or grocery items and are typically delivered in boxes or bags. The delivery person will normally drive a car, but in bigger cities where homes and restaurants are closer together, they may use bikes or motorized scooters.

Deliveroo is a British online food delivery company founded by Will Shu and Greg Orlowski in 2013 in London, England. It operates in the United Kingdom, France, Belgium, Ireland, Italy, Singapore, Hong Kong, the United Arab Emirates, Kuwait, and Qatar. It formerly operated in Germany, Taiwan, Spain, the Netherlands, and Australia. Its subsidiary operation, Deliveroo Editions operates dark kitchens for the preparation of delivery-only meals.

Foodora is an online food delivery brand owned by Delivery Hero. It was founded in Munich, Germany, and operates in Austria, Sweden, Norway, Finland, Hungary and the Czech Republic.

<span class="mw-page-title-main">Rohit Chadda</span> Indian businessman

Rohit Chadda is an Indian investment banker and entrepreneur, who serves as the CEO of the digital business at Essel Group. He was the co-founder of online food ordering platform Foodpanda. He is also the founder of omni-channel digital payments platform PayLo. He has been attributed for the turnaround of Zee Digital by bringing the digital business to the second position on ComScore from ninth position making Zee the second largest digital media group in India. He has been featured among Top Tech CEOs of the decade (2010-2020) in India and was featured among Fortune 40 under 40 in 2015.

<span class="mw-page-title-main">PayU</span> Fintech company that provides payment solutions to online merchants.

PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.

<span class="mw-page-title-main">Glovo</span> Spanish on-demand courier service

Glovo is a Spain-based, delivery app founded in 2014 by Oscar Pierre, and launched in 2015 by himself and Sacha Michaud following an initial round of funding. Since mid-2022, Glovo has been a part of the Delivery Hero Group, a publicly traded German company.

Gopuff Digital delivery service

GoBrands, Inc., doing business as Gopuff, is an American consumer goods and food delivery company headquartered in Philadelphia, Pennsylvania. The company operates in more than 650 US cities through approximately 500 microfulfillment centers as of October 2021. It also operates in the United Kingdom, following a takeover of Newcastle upon Tyne-based Fancy. As of July 2021, the company was valued at $15 billion.

Skip, previously SkipTheDishes, is a Canadian online food delivery service headquartered in Winnipeg, Manitoba and a division of Dutch-based Just Eat Takeaway.com. Users can order food from restaurants online using its OS or Android app or through a web browser. Users also can provide feedback by reviewing restaurants after receiving an order. Skip was founded in 2012 in Saskatoon, and purchased by UK-based Just Eat in 2016, later becoming Just Eat Takeaway.com after a merger in 2020, in which Skip adopted Takeaway.com orange branding and logo.

<span class="mw-page-title-main">HelloFresh</span> German meal kit provider

HelloFresh SE is a German meal-kit company based in Berlin. It is the largest meal-kit provider in the United States, and also has operations in Australia, Canada, New Zealand and Europe.

Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.

Baedal Minjok is a South Korean food delivery company. Baedal Minjok is owned by Woowa Brothers Corp.

References

  1. ↑ "About us". Deliveryhero.com. Retrieved 21 December 2018.
  2. ↑ "DELIVERY HERO SE : Shareholders Board Members Managers and Company Profile | DE000A2E4K43". Marketscreener.com.
  3. ↑ "Delivery Hero SE :: Germany :: OpenCorporates". OpenCorporates . Retrieved 13 April 2024.
  4. ↑ "Privacy Policy | Delivery Hero". Delivery Hero. Retrieved 13 April 2024.
  5. ↑ "Delivery Hero reaches 500,000 restaurants on its platforms". Deliveryhero.com\access-date=2022-03-11.
  6. ↑ "Podcast: Quick commerce – the future of e-commerce". Dmexco.com. Retrieved 23 February 2021.
  7. ↑ "Presentation Q3 2021 Results November 11, 2021" (PDF). Delivery Hero. p. 7. Archived (PDF) from the original on 11 November 2021.
  8. ↑ "Foodora couriers win right to join a union in an 'historic precedent' for gig economy workers". thestar.com. 25 February 2020. Retrieved 28 April 2020.
  9. ↑ "Foodora condemned for closing Australian operation during back pay dispute". The Guardian. Australian Associated Press. 2 August 2018. ISSN   0261-3077 . Retrieved 28 April 2020.
  10. ↑ "Kurzmitteilungen: Delivery Hero, commercetools, chocri, Startup Weekend Nürnberg, Niklas Zennström". Deutsche-startups.de. 14 November 2011.
  11. ↑ Ternès, Anabel (24 August 2018). International Digitalization Trends: And how pioneering companies implement them. Akademische Verlagsgemeinschaft München. ISBN   9783960915034.
  12. ↑ Brenneisen, Malte; Eversmeier, Jochen. "Lieferhelden greifen an". Archived from the original on 31 August 2012. Retrieved 22 September 2012.
  13. ↑ Fowler, Nina. "Delivery Hero takes on Asia's giant, China". Archived from the original on 22 September 2012. Retrieved 22 September 2012.
  14. ↑ "Delivery Hero invests $5m in India's TastyKhana". 13 June 2013. Archived from the original on 6 February 2016. Retrieved 11 October 2016.
  15. ↑ Henryk Hielscher. "Pizza Inferno - Die Cyberschlacht der Essens-Portale" [Cyber battle between the food-portals] (in German). Wirtschaftswoche. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  16. ↑ Veit Medick; Marcel Rosenbach (22 April 2012). "Cyberkrieg der Pizzaboten" [Cyberwar of the pizza delivery men]. Der Spiegel (in German). Retrieved 12 October 2016.
  17. ↑ "Uruguay's PedidosYa Acquired By Delivery Hero, Expands Network to 20 Countries - Endeavor". 28 June 2014. Archived from the original on 30 June 2015. Retrieved 11 October 2016.
  18. ↑ Lunden, Ingrid (14 August 2014). "Delivery Hero Joins The $1B Valuation Club As It Gobbles Rival Pizza.de" . Retrieved 11 October 2016.
  19. ↑ "Lieferheld schluckt Pizza.de" [Delivery Hero swallows Pizza.de] (in German). Süddeutsche Zeitung. 18 August 2014. Retrieved 12 October 2016.
  20. ↑ Laive, Patrick de (11 April 2014). "Tech5: Here's Europe's Fastest Growing Tech Companies". Archived from the original on 3 August 2016. Retrieved 11 October 2016.
  21. ↑ "Delivery Hero kauft türkischen Wettbewerber" [Delivery Hero buys Turkish competitor] (in German). Handelsblatt . Retrieved 12 October 2016.
  22. ↑ "On-demand food delivery service foodora merges with Delivery Hero's Urban Taste and breaks into the global market". Finanznachricten.de. Retrieved 19 September 2015.
  23. ↑ "Turkish Yemek Sepeti and Greek e-food.gr acquired by German Delivery Hero". Emeastartups.com. 5 May 2015. Retrieved 19 September 2021.
  24. ↑ "Delivery Hero acquires Foodpanda as Rocket Internet shuffles online takeout pack once again". Social.techcrunch.com. 10 December 2016. Retrieved 11 March 2022.
  25. ↑ Wood, Zoe (15 December 2016). "Just Eat online takeaway service pays £200m for UK rival Hungry House". The Guardian. ISSN   0261-3077 . Retrieved 30 June 2017.
  26. ↑ Lynch, Russell (13 October 2017). "Just Eat gets go-ahead to swallow Hungryhouse". Evening Standard. Retrieved 14 October 2017.
  27. ↑ "Delivery Hero's valuation surpasses $5B following successful IPO". Techcrunch. 30 June 2017. Retrieved 30 June 2017.
  28. ↑ "Delivery Hero purchases a third online food delivery platform in Greece". Naftemporiki.gr. 15 February 2018. Retrieved 19 September 2021.
  29. ↑ "Takeaway.com beats Delivery Hero in battle for German dominance". CNBC . 21 December 2018. Retrieved 22 December 2018.
  30. ↑ "Aktienmarkt: Delivery Hero steigt in den Dax auf". Handelsblatt.com (in German). Retrieved 19 August 2020.
  31. ↑ "Delivery Hero enters the DAX - Germany's leading stock market index". uk.finance.yahoo.com. 19 August 2020. Retrieved 19 August 2020.
  32. ↑ "Delivery Hero buys InstaShop for €305 million, a record sum for a Greek startup | eKathimerini.com". Ekathimerini.com.
  33. ↑ "Dubai-based Jabbar and Greece's VentureFriends win big with InstaShop's exit". 30 August 2020.
  34. ↑ "Foodpanda Launches in Japan, Upping Rivalry With Uber". Bloomberg.com. 17 September 2020. Retrieved 22 February 2021.
  35. ↑ "Delivery Hero welcomes Woowa to the group – all closing actions taken | Delivery Hero". Deliveryhero.com.
  36. 1 2 Miller, Joe (22 December 2021). "Delivery Hero exits Germany for second time, citing high costs". Financial Times. Retrieved 9 January 2022.
  37. ↑ "Uber to buy Delivery Hero's foodpanda Taiwan business in $1.25bn deal". www.ft.com. Retrieved 14 May 2024.
  38. ↑ "When Delivery Hero was young: the early years". 13 July 2016. Retrieved 11 October 2016.
  39. ↑ "Delivery Hero sammelt weitere 40 Millionen Euro ein". 27 August 2012. Retrieved 11 October 2016.
  40. ↑ "Delivery Hero shares jump on market debut". Financial Times. Retrieved 11 June 2024.
  41. ↑ Lomas, Natasha (July 2013). "Delivery Hero Tops Up Series D With $30M As Its Global Take-Out Service Heads For Profit" . Retrieved 11 October 2016.
  42. ↑ "Delivery Hero Secures $88M Series E, Aims to Conquer European Online Delivery Space -". 16 January 2014. Retrieved 11 October 2016.
  43. ↑ Lunden, Ingrid (23 April 2014). "Delivery Hero Gobbles Another $85M To Fuel A Price War With Just-Eat" . Retrieved 11 October 2016.
  44. ↑ "Delivery Hero raises $350m for global growth". Financial Times. 3 September 2014. Retrieved 9 March 2017.
  45. ↑ Basich, Zoran (4 September 2014). "The Daily Startup: The Biggest European Venture Capital Rounds Ever". Wall Street Journal. Retrieved 11 October 2016.
  46. ↑ Germany, SPIEGEL ONLINE, Hamburg (6 February 2015). "Essen auf Rädern: Samwer-Brüder investieren halbe Milliarde in Essenszustellung". Der Spiegel. Retrieved 11 October 2016.{{cite news}}: CS1 maint: multiple names: authors list (link)
  47. ↑ "BRIEF - Rocket Internet says it reduced its stake in Delivery Hero". Reuters. 23 February 2018. Retrieved 2 March 2018.
  48. ↑ Philipp Alvares de Souza Soares, Jonas Rest (20 January 2017). "Delivery Hero will vor Börsengang tiefstapeln". manager magazin. Retrieved 11 February 2017.
  49. ↑ "Naspers invests another $775M in food take-out giant Delivery Hero". Techcrunch. 28 September 2017. Retrieved 28 September 2017.
  50. ↑ "Rappi Series B SEC Form D Filling". Securities and Exchange Commission. Retrieved 6 March 2018.
  51. ↑ "This delivery app puts a courier on every corner". Bloomberg.com. Bloomberg. 27 February 2018. Retrieved 6 March 2018.
  52. ↑ Wilhelm, Alex (3 January 2022). "Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo". TechCrunch. Retrieved 3 January 2022.
  53. ↑ Magubane, Khulekani. "Prosus digs in on Delivery Hero stake". Fin24. Retrieved 9 April 2021.
  54. ↑ Laura He (8 April 2021). "Tencent's main shareholder Prosus nets $15 billion from record stock sale". CNN. Retrieved 9 April 2021.
  55. ↑ "Delivery Hero welcomes Woowa to the group – all closing actions taken | Delivery Hero". Deliveryhero.com. Retrieved 1 September 2021.
  56. ↑ "Activist investor Sachem Head takes stake in Delivery hero, shares jump". www.msn.com. 4 April 2024. Retrieved 25 April 2024.
  57. ↑ "Delivery Hero on Techcrunch". Techcrunch. Retrieved 10 November 2017.
  58. ↑ "Sinka llc | Cyprus on the startups map – "Foody" acquired by giant "Delivery Hero"". Sinkallc.com. Archived from the original on 23 August 2021. Retrieved 23 August 2021.
  59. ↑ "Foody acquired by Delivery Hero Group". Blog.foody.com.cy. 4 September 2019. Retrieved 23 August 2021.
  60. ↑ "Chefmade ApS' ejerkreds ændres".
  61. ↑ "Hungry solgt til Delivery Hero: Jesper Buch laver næststørste exit nogensinde" [Hungry sold to Delivery Hero: Jesper Buch makes second largest exit ever]. Finans.dk (in Danish). 1 October 2021. Retrieved 18 February 2022.
  62. ↑ EBIT (operating result) per Gewinn- und Verlustrechnung zuzüglich Abschreibungen (depreciation, amortization and impairment) per Kapitalflussrechnung, ohne weitere Bereinigungen
  63. 1 2 Geschäftsbericht 2014 Archived 29 July 2020 at the Wayback Machine der Delivery Hero Holding GmbH
  64. ↑ Geschäftsbericht 2015 Archived 29 July 2020 at the Wayback Machine der Delivery Hero Holding GmbH
  65. ↑ Geschäftsbericht 2016 Archived 29 July 2020 at the Wayback Machine der Delivery Hero Holding GmbH
  66. ↑ "Delivery Hero Financial Statement 2017" (PDF). Ir.deliveryhero.com. Archived from the original (PDF) on 5 September 2019. Retrieved 11 March 2022.
  67. ↑ "Delivery Hero Annual Report 2019" (PDF). Ir.deliveryhero.com. Archived from the original (PDF) on 24 May 2021. Retrieved 11 March 2022.
  68. ↑ "Always Delivering an Amazing Experience" (PDF). Ir.deliveryhero.com. 22 April 2020. Archived from the original (PDF) on 24 May 2021. Retrieved 22 August 2020.
  69. ↑ "Financial Reports". Ir.deliveryhero.com. Retrieved 11 March 2022.
  70. ↑ "Financial Reports". Ir.deliveryhero.com. Retrieved 20 April 2024.
  71. ↑ "Financial Reports and Presentations – Delivery Hero". ir.deliveryhero.com. Retrieved 20 April 2024.
  72. ↑ "Financial Reports and Presentations – Delivery Hero". ir.deliveryhero.com. Retrieved 25 April 2024.
  73. 1 2 "Delivery Hero Annual Report 2018" (PDF). Ir.deliveryhero.com. Archived from the original (PDF) on 5 March 2021. Retrieved 27 April 2020.
  74. ↑ "Australia – Food courier faces legal action over the employment status of its drivers (ABC.net.au)". 2.staffingindustry.com. Retrieved 27 April 2020.
  75. ↑ "'It has been a privilege'". News.com.au. 2 August 2018. Retrieved 27 April 2020.
  76. ↑ Cantwell, Kandy. "3 Facts You Didn't Know About Dependent Contractors". Blog.montridge.com. Retrieved 27 April 2020.
  77. ↑ "App-based food-delivery giant Foodora announces exit from Canada". Thestar.com. 27 April 2020. Retrieved 27 April 2020.
  78. ↑ "'Food delivery app Efood faces customer backlash over workers' rights'". Ekathimerini.gr. 17 September 2021. Retrieved 19 September 2021.
  79. ↑ "'Efood delivery workers on 24h strike despite company promising contracts'". Keeptalkinggreece.com. 24 September 2021. Retrieved 26 September 2021.
  80. ↑ "Settlement offer from Talabat and Carriage refused". Arab Times. 17 November 2019. Retrieved 11 May 2021.
  81. ↑ Andrey Sychev (8 November 2023), German regulator BaFin imposes fine on Delivery Hero  Reuters .

Further reading

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.