Delivery Hero announced that Uber has acquired additional shares and instruments in the company, increasing its ownership stake to 19.5% of Delivery Hero’s issued capital, along with an additional 5.6% in options.
The Berlin-based delivery and quick commerce platform said it welcomes Uber’s increased investment, describing it as a further endorsement of its platform and Everyday App strategy. Delivery Hero added that it remains focused on improving operational performance and continuing its strategic review in order to create long-term value for shareholders.
Delivery Hero operates in around 65 countries across Asia, Europe, Latin America, the Middle East, and Africa. Founded in 2011 as a food delivery service, the company has expanded into broader local commerce and operates delivery platforms across four continents.
The company has also been investing heavily in quick commerce, which focuses on delivering groceries and household items in under an hour, and often within 20 to 30 minutes.
Headquartered in Berlin, Germany, Delivery Hero has been publicly listed on the Frankfurt Stock Exchange since 2017 and is included in the MDAX stock market index.
