mobile menu mobile search

SA internet giant Naspers invests R5.6 billion in food delivery company

SA internet giant Naspers invests R5.6 billion in food delivery company

JSE-listed internet and entertainment group, Naspers, is investing EUR 387 million (R5.6 billion) in Berlin based online food ordering and delivery company, Delivery Hero.

Naspers will primarily invest into newly issued shares and at a valuation in line with Delivery Hero’s previous valuation.

“This investment will help fuel Delivery Hero’s growth plans. Naspers will also be represented with one member on Delivery Hero‘s Supervisory Board,” a statement from Food Hero said.

According to reports, the latest investment, comes amid speculation of an initial public offering for Delivery Hero.

Bob van Dijk, CEO of Naspers, said: “Food ordering and delivery presents an attractive opportunity for us. It is a large, under-penetrated, 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.”

Launched in 2011, Delivery Hero operates across more than 40 countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region.

It also operates its own last-mile food delivery primarily in more than 50 high-density urban areas around the world.

The company is headquartered in Berlin and has over 5,000 employees.

Read: Naspers injects R960 million into Takealot to become majority shareholder

BusinessTech's Staff Writer is directly plugged into the South African Internet backbone, and spits out press releases and other news as they receive it. They are believed to be cl...
Join the Conversation
  • DionB

    so that’s what the dstv increase was for …

    • Hennie

      DSTV is a drop in the ocean for Naspers. Most of their money is invested in tencents a software/IT company in China.

    • Blapartheid Zulu

      it was for FUN

  • SA First

    Government is the largest shareholder of Naspers via the Government Employee Pension Fund….That’s why Government – Private partnerships are winners !

  • Blapartheid Zulu

    Awesome, just don’t invest in south africa, gigaba will want your unabridged investment certificate which you must go obtain from your ancestor original place of birth. If not, you can leave your investment here as they were stolen from people that were not living in sa before your ancestors came XD oh man i need my coffee, typing gibberish here….

Join our newest FREE BusinessTech newsletter today!