Delivery Hero acquires competitors

Delivery Hero financed the transactions from its balance sheet, having raised a total of $635m since 2011 in various funding rounds. It stated the buyouts of Damejidlo and Jidloted were in line with its strategy of global expansion and will strengthen its presence in continental Europe.

Both brands will continue to be run by their existing management teams following the purchase.

In June last year, Delivery Hero acquired 9Cookies, a provider of point-of-sale apps. The transaction was also funded from its balance sheet. Three months later, the company announced its acquisition of former competitor pizza.de for a reported €290m. The two companies were said to be worth a combined €1bn and continue to operate as independent brands.

Previous funding
In September 2014, Delivery Hero raised its largest funding round to date, securing €350m in a series-G round from existing investors Insight Venture Partners and Kite Ventures, together with new investor Vostok Nafta.

The company first received series-A funding in March 2011, securing €4m from Holtzbrinck Ventures, Point Nine Capital and Tengelmann Ventures. Kite invested €11m in Delivery Hero's series-B in September that year, followed by a further €25m in March 2012, according to unquote" data.

Delivery Hero's existing investors injected a further €40m in the company's series-C round in August 2012, alongside new backers Hasso Plattner Ventures and Kreos Capital.

In July 2013, Kreos and existing investors injected $30m in a series-D round led by Phenomen Ventures. Insight led an $88m series-E round for Delivery Hero in January 2014. In April, a global investment fund led the delivery platform's $85m series-F. Existing investors also took part in the round.

Company
Founded in 2012, Damejidlo provides access to 1,500 restaurants in the Czech Republic and Slovakia and claims to have 150,000 customers. Jidloted, founded in 2013, has a network of 650 restaurants in the Czech Republic.

Founded in 2008, Delivery Hero is active across Europe and in some Asian and Latin American countries. The business employs 1,000 people, 440 of whom work in the Berlin headquarters.

People
Niklas Östberg is CEO of Delivery Hero. Lukas Uhl is CEO of Damejidlo. Aleš Urbánek is CEO of Jidloted, while Marc Westermann is co-founder.

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• Topics
• CEE
• Portfolio management
• Technology
• Germany
• Czech Republic
• Slovakia
• Holtzbrinck Ventures
• Unq2015Feb