Rocket Internet builds up food delivery division

Friday 6 February 2015 | 14:06 CET | News
German startup incubator Rocket Internet has bought a 30 percent stake in Delivery Hero and the holdings of seven other food delivery companies in Asia, plus two more in Europe, TechCrunch reported. The new food delivery assets will all become part of a new division encompassing its on-demand food delivery businesses, called the Global Online Takeaway Group. The Delivery Hero stake is valued at EUR 496 million. The incubator declined to comment on the value of the other seven transactions

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Rocket Internet
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Rocket Internet start-ups see revenue jump

Published 30 Sep 2015 17:57 CET | Germany
Rocket Internet reported that its network of companies continued to capitalise on the significant market opportunities in the ...

Jumia releases new app for Android

Published 21 May 2015 09:11 CET | Kenya
Rocket Internet-backed e-commerce company Jumia is bringing out a new application for Android devices, ITNewsAfrica reported. It ...

Jumia launches in Senegal

Published 20 Apr 2015 10:59 CET | Senegal
Rocket Internet's online retailer Jumia has launched operations in Senegal, its twelfth country, following its launches in ...

Lamudi raises USD 18 mln for Asian expansion

Published 12 Feb 2015 11:30 CET | World
Lamudi, the online property listings company for emerging markets, has raised USD 18 million in a new round of funding, Reuters ...