Delivery Hero will consider an IPO Call by next year

Delivery Hero

Delivery Hero will consider an IPO Call by next year

Germany’s Delivery Hero will consider an IPO Call by next year, on Monday. The company has raided a massive round of funding, valuing it at $3.2 billion.

The company’s CEO Niklas Ostberg is reticent regarding the funding source, and declining to confirm who invested. But, the company does know that it worth at $110 million (£72.2 million), and comes from two leading public market investors in the US, and is the latest in a string of recent funding rounds.

The company has raised about $1 billion, and $600 million of that has been raised just this year alone. As a result, the business is bolstering for Delivery Hero that lets restaurants register to offer their takeaway food to customers via apps and online delivery services. Around 10 million orders are now placed every month, with 200,000 restaurants in 34 countries – totaling $165 million per month sales.

The co-founders of the company Niklas Ostberg, Markus Fuhrmann, and Lukasz Gadowski are slowly gearing up for an IPO call; however, they’re also staying mum on those details.

Ostberg sated to a source that they will not be able to share investors, and also not when they will make a call for an IPO.

The company’s visions that it will be ready later by this year, but will wait until it notices a clear benefit for those financial funds. The company stated that it plans to make use of new funds for selective acquisitions, and intensive product innovation.

According to a source, earlier investors including General Atlantic, Venture Partners, and Rocket Internet that now own almost 40 per cent of the company.

Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Facebook

Leave a Reply

Your email address will not be published.

Recent Posts

Broadcom bought VMware to Expand Its Footprint in Software

Broadcom bought VMware to Expand Its Footprint in Software

After the deal is finalized, VMware shareholders will elect to receive either $142.50 in cash or 0.252 Broadcom stock for each VMware share. Under the deal, Broadcom will also take
23 hours ago
Epic Games CEO Tim Sweeney Condemns App Store

Epic Games CEO Tim Sweeney Condemns App Store

Sweeney adds, “The problem here is a classic monopoly tie. You start with hardware. Apple makes smartphones and they profit from their smartphones — and they deserve to. But th
1 day ago
An Unexpected Bolt: Fintech Unicorn Bolt Issues Lay off Notice

An Unexpected Bolt: Fintech Unicorn Bolt Issues Lay off Notice

The New York Post reported that the Bolt layoff will see restructuring across US, Canada and Europe. They expect that roughly one-third of the entire workforce will be impacted by
1 day ago
Beeple Getting Hacked Resulted in His Followers Losing Over $438,000 in Crypto

Beeple Getting Hacked Resulted in His Followers Losing Over $438,000 in Crypto

Two tweets were posted using NFT artist Beeple’s account. The first one promoted an exclusive collection with Louis Vuitton. The second tweet announced that Beeple would soon rel
2 days ago
Microsoft Selling Metaverse to Kawasaki: It’s A Whole New World

Microsoft Selling Metaverse to Kawasaki: It’s A Whole New World

Microsoft’s corporate vice president of mixed reality, Jessica Hawk, recently told CNBC that the metaverse will change how people function across a variety of devices and platfor
2 days ago
Cryptocurrency Market Updates: Bitcoin Could Hit $500,000 Per Coin

Cryptocurrency Market Updates: Bitcoin Could Hit $500,000 Per Coin

On March 15, Novogratz went so far as to predict that the Bitcoin future price will reach half a million dollars per coin by 2027. He made this statement at the Bitcoin 2022 confer
3 days ago