Chalk up another play for scale in the world of online takeout services: Delivery Hero, the German-based startup with operations across Europe, Asia, Africa and South America, is today announcing a $88 million round of investment. The Series E funding, led by new investor Insight Venture Partners, will take the total funding for Delivery Hero close to $200 million raised since first opening for business in 2010.
Delivery Hero now offers delivery for 55,000 restaurants across 14 countries (Germany, Sweden, UK, Korea, China and India being the biggest markets), and it says that has delivered food to some 6 million consumers, generating over $500 million in annual sales for its restaurant partners.
Numbers like these are a mark of how, as the online delivery business continues to mature, the big players continue to get bigger.
Delivery Hero’s funding comes on the heels of U.S. players GrubHub and Seamless merging; while…
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