Delivery Hero acquires MyLorry stake

Delivery Hero and MyLorry have collaborated since 2014, using MyLorry's food delivery service Food Express. The service works with Delivery Hero partner restaurants as well as independent businesses.

Delivery Hero stated it plans to grow its selection of partner restaurants, particularly in the quality cuisine segment. Food Express plans to grow its service in Germany and expand across Europe.

Delivery Hero has raised a total of €922m from investors, including Insight Venture Partners, Holtzbrinck Ventures and Point Nine Capital.

The company acquired former competitor pizza.de in August last year for a reported €290m. Pizza.de continues to operate under its own brand name but both services offer access to the same restaurants.

In January this year, Delivery Hero aacquired two competitors based in the Czech Republic and Slovakia. The buyouts of Damejidlo and Jidloted were financed from the company's balance sheet.

Company
Founded in 2013, Food Express is active in Berlin, Munich, Hamburg, Frankfurt, Stuttgart and Cologne. It currently has 300 partner restaurants.

People
Max von Waldenfels is founder and CEO of MyLorry. Niklas Östberg is CEO of Delivery Hero.

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• Topics
• DACH
• Portfolio management
• Consumer
• Germany
• Holtzbrinck Ventures