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.<\/p>\n
Naspers will primarily invest into newly issued shares and at a valuation in line with Delivery Hero\u2019s previous valuation.<\/p>\n
“This investment will help fuel Delivery Hero\u2019s growth plans. Naspers will also be represented with one member on Delivery Hero\u2018s Supervisory Board,” a statement from Food Hero said.<\/p>\n
According to reports, the latest investment, comes amid speculation of an initial public offering for Delivery Hero.<\/p>\n
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.<\/p>\n
“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.”<\/p>\n
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.<\/p>\n
It also operates its own last-mile food delivery primarily in more than 50 high-density urban areas around the world.<\/p>\n
The company is headquartered in Berlin and has over 5,000 employees.<\/p>\n