Delivery Hero raises $88 million in funding

Posted Jan 13, 2014

Delivery Hero is a Berlin, Germany based startup that operates their online food ordering business in 14 countries. Delivery Hero has raised $88 million in a fifth round of funding led by Insight Partners. Delivery Hero has raised a total of nearly $200 million. Delivery Hero lets you order delivery from restaurants through desktop browsers and mobile apps.
Delivery Hero doubled their revenues and became profitable last year. Delivery Hero now has 6 million customers with 55,000 restaurants signed up to use the service.

Delivery Hero claims that their partners generated over $500 million in annual sales. Delivery Hero plans on using the funding to expand their service in existing markets and enter new markets.

[Source: VentureBeat]