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Delivery Hero Buys Hugo's Food And Expands In Central America And Caribbean
Delivery Hero Says Unit Foodpanda Expands Operations Into Slovakia
BRIEF-Delivery Hero Buys All Remaining Shares in Hungry
Delivery Hero SE is a Germany-based company, which is primarily engaged in the online food ordering industry. The Company operates as a provider of online food delivery services from restaurants and cafes. The Company offers pizza, burger, organic food, vegan cuisine, and Asian dishes, among others. Its portfolio of brands comprises Foodpanda, PedidosYa, Clickdelivery, Talabat, Yemeksepeti, Yogiyo, Donesi, Hungerstation, Carriage, Otlob, Mjam and others. The Company operates globally, on the territory of more than 40 countries, comprising Europe, the Middle East, North Africa, Asia, and the Americas. The Company's services are available through Web version and mobile application.
Oranienburger Strasse 70
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Chief Executive Officer
Deputy Independent Chairman of Supervisory Board
Chief Financial Officer, Member of the Management Board
Chief Operating Officer, Member of the Management Board
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Weaker than expected third-quarter orders at Just Eat Takeaway.com knocked shares in the online food delivery company on Wednesday, with orders in the United States growing just 3%.
Online food ordering and delivery service Just Eat Takeaway.com said on Wednesday orders increased by 25% to 266 million in the third quarter, with growth weakest in the United States.
A 3.5% jump in European banks and a rally in beaten down technology companies pushed an index of European stocks up over 1% on Tuesday, also helped by positive U.S. data bolstering Wall Street.
U.S. food delivery company Doordash is backing a new funding round at quick-delivery company Flink that values the Berlin-based startup at $2.5 billion, sources familiar with the matter said on Friday.
-Enterprise software maker Freshworks Inc was valued at $12.2 billion in its Nasdaq debut on Wednesday after shares opened 21% above the initial offering price, indicating strong demand for firms that have thrived during the pandemic.
Freshworks Inc on Monday raised its target price range for a U.S. initial public offering, which could bring up the valuation of the business and customer engagement software company to nearly $9.6 billion.
Meal-kit company HelloFresh will spend 50 million euros ($58.91 million) to recruit 1,000 new tech employees across Germany, the United States, Canada and Australia over the next 12 months, the company said on Thursday.
Freshworks Inc is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business and customer engagement software company on Monday.
Spanish delivery app Glovo is expanding its operations in Africa, its leading region for growth, and plans to double its existing investment there to 50 million euros ($59.3 million) over the next 12 months, its co-founder said.
Delivery Hero is issuing convertible bonds worth up to 1.25 billion euros ($1.48 billion) to allow the German online food delivery company to take advantage of possible investment opportunities, it said on Thursday.
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
Food-ordering firm Just Eat Takeaway.com on Tuesday reported a better-than-expected operating loss of 190 million euros ($224 million) for the first half of 2021.
Delivery Hero said on Friday it was not considering making an offer for its British rival Deliveroo, days after the German company acquired a 5.09% stake in the London-listed online food delivery company.
Delivery Hero said on Friday it was not considering making an offer for its British rival Deliveroo, days after the German company acquired a 5.09% stake in the online food delivery company.
South Korea's GS Retail Co Ltd said on Friday it had partnered with two private-equity firms to buy Delivery Hero's food delivery app, Yogiyo, in a deal valued at 800 billion won ($685 million).
Delivery Hero is considering notching up its investments beyond the initial plan, as it seeks to ride the first-half momentum to win more market share, the German online food takeaway firm's finance chief said on Thursday.
German online takeaway food firm Delivery Hero raised its 2021 outlook on Thursday, after more than doubling quarterly revenues, as its fast-growing quick commerce service that aims to deliver goods in as little as 10 to 15 minutes gains traction.
Food delivery company Deliveroo said the value of orders on its platform more than doubled in the first half, with no material impact from the wider reopening of restaurants in its biggest market, Britain, in the second quarter.
The chief executive of food delivery platform Deliveroo said he had not had any talks with his counterpart at Delivery Hero since the German company took a 5.09% stake last week, adding that he viewed the move as financial.
* Shares up 5% at 0801GMT (Adds details from calls, share reaction, background)
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