{"id":340808,"date":"2017-05-13T04:00:02","date_gmt":"2017-05-12T20:00:02","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1488344"},"modified":"2017-05-13T04:00:02","modified_gmt":"2017-05-12T20:00:02","slug":"naspers-invests-e387m-in-european-food-delivery-business-delivery-hero","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/naspers-invests-e387m-in-european-food-delivery-business-delivery-hero\/","title":{"rendered":"Naspers invests \u20ac387M in European food delivery business Delivery Hero"},"content":{"rendered":"

<\/p>\n

Continuing its massive spending spree in Europe, the global technology and media investment conglomerate, Naspers<\/a>, has invested \u20ac387 million ($421.3 million) in the online food ordering and delivery business Delivery Hero<\/a>.<\/p>\n

The investment, which was made at the company\u2019s current valuation<\/a> of over $3.1 billion (according to a statement), comes amid increasing speculation of an initial public offering<\/a> for the Berlin-based food delivery business.<\/p>\n

For Naspers, the investment in Delivery Hero means a stake in a business that operates in more than 40 countries and has seen significant growth (in part thanks to a merger with a major online takeout rival late last year<\/a>). The company processed 171 million orders in 2016, up 65% from the previous year, according to a statement.<\/p>\n

Over 150,000 restaurants use the delivery service, which has previously raised money from investors including Rocket Internet, the controversial German startup incubator, Insight Venture Partners, General Atlantic, and several undisclosed US-based fund managers.<\/p>\n

The new funding brings Delivery Hero\u2019s total capital raised to at least $1.4 billion<\/a>.<\/p>\n

\u201cFood 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,\u201d Naspers chief executive Bob van Dijk said in a statement.<\/p>\n

Indeed, Naspers has holdings in a number of food delivery companies already. In 2015 the company invested in the Brazilian mobile application developer Movile, which owns a stake in the food delivery service iFood.<\/p>\n

As we wrote in 2015:<\/p>\n

\n

The on-demand delivery market has now raised more\u00a0money in the first four months of 2015\u00a0than it did in all of 2014, and the latest beneficiary is the Brazilian mobile application and content developer Movile.<\/p>\n

The company has received a $40 million commitment from the South African technology investor and media company, Naspers\u00a0(whose other investments include global technology giants<\/a> like China\u2019s Tencent<\/a>, India\u2019s Flipkart<\/a>, Russia\u2019s Mail.ru<\/a>, and Latin America\u2019s OLX<\/a>).<\/p>\n<\/blockquote>\n

The global competition for food delivery continues to sizzle,\u00a0with newer premium entrants such as Deliveroo<\/a>, Uber Eats<\/a> and Amazon<\/a>, joining the food fray.<\/p>\n

Speaking on the Naspers investment, Delivery Hero chief executive Niklas \u00d6stberg said, \u201cWe are delighted to welcome such a renowned and strong investor with a proven track record in building successful platforms around the world. Naspers\u2019 capital, relationships and knowhow will support our growth momentum as we continue to focus on creating an amazing takeaway experience globally.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Continuing its massive spending spree in Europe, the global technology and media investment conglomerate, Naspers, has invested \u20ac387 million ($421.3 million) in the online food ordering and delivery business Delivery Hero. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-340808","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/340808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=340808"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/340808\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=340808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=340808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=340808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}