Rocket Internet Expands Stake in Delivery Hero and Foodpanda

It increased its shares in Delivery Hero to close to 40 percent and increased share in foodpanda to 52 percent.

Rocket Internet AG (Rocket Internet) announced key strategic transactions to further strengthen its position in the global online takeaway market.

Capitalizing on the significant and rapidly developing opportunities in the online food & groceries sector, Rocket increased its ownership in Delivery Hero through the contribution of the recently acquired Middle Eastern online food takeaway company Talabat and the acquisition of shares from existing Delivery Hero investors for EUR 52 million.

Upon closing of these transactions, Rocket’s stake in Delivery Hero amounts to around 39 percent. Based on its scale and geographic coverage, Delivery Hero, with its 24 countries and 62.6 million annualised orders (based on December 2014 figures) is a key component of the Global Online Takeaway Group, complementing foodpanda and the two recent investments in La Nevera Roja (Spain) and Pizzabo (Italy).

The Delivery Hero management foresees order and gross merchandise volume growth of more than 150 percent relative to the same quarter of the year before with GMV in Q1 expected to amount to around EUR 250 million and net revenues in excess of EUR 30 million (+120 percent compared to Q1 2014). Rocket furthermore announced a EUR 104 million funding round in foodpanda to capitalise on the significant growth opportunities and to allow for further selective investments in key markets.

Rocket which is participating with an investment of EUR 37 million in this funding round, is purchasing additional shares from existing shareholders and has received shares formerly held through Latam Internet Group through a share dividend thus increasing its direct ownership stake in foodpanda from below 50 percent to approximately 52 percent.

Rocket intends to contribute its 11.4% stake in Yemeksepeti, the online takeaway market leader in Turkey, to the Global Online Takeaway Group. Yemeksepeti is present in 63 cities in Turkey and cooperates with nearly 10,000 restaurants.

Combining all investments in the sector including foodpanda, Delivery Hero, Talabat, La Nevera Roja, Pizzabo and Yemeksepeti, the Global Online Takeaway Group operates today in 71 countries – being number one in 58 of them – and works with 142 thousand restaurants and processes 84 million orders based on annualized December 2014 figures.

Join QSRMedia UK community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The brand previously revealed it will open ten sites this year.
The burger is available until 31 January in Absurd Bird sites.
The company operates 18 restaurants in the UK.
This will be the fifth London site for the Australian chef.
She joined Papa John’s in 2015 as senior director for digital marketing and most recently served as senior vice president for customer experience.
274 million orders were processed in the fourth quarter of last year.
This effectively ends a takeover bid from the Issa brothers' EG Group.
The company will invest over £9.2 million to raise hourly rates amidst sector-wide labour shortages.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The move is expected to create 1,000 jobs and 4,000 over the next three years.
Deliveroo, meanwhile, reported a 117% surge in plant-based ordering across the UK since Veganuary 2021.
It also has plans to grow in Edinburgh in the next few years.
Sales in December 2021 ran at approximately 63% of 2019 levels.