Online Takeout Giant Delivery Hero Snaps Up $88M Series E, Insight Venture Partners Joins As Lead Investor

TechCrunch

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…

View original post 622 more words

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s