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Latest News on Delivery Hero
Showing of 0 - 10 from 9 results
Delivery Hero - Total results - 9
May 22, 2019
Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executivesIn the last two weeks, Ola has dissolved the ground team completely. The company, however, has retained the core operations team consisting of senior employees
Mar 05, 2019
Zomato to sell UAE food delivery business for $172 mn to Germany's Delivery Hero GroupZomato and Delivery Hero will enter into services agreements (on the) basis (of) which Zomato will continue to run the said business on its own platform
May 30, 2018
Germany's Rocket Internet is looking at investing $3 billion in financial technology and artificial intelligenceRocket Internet, which had a shaky start in 2014 as its start-ups made big losses, saw its share price jump last year.
Dec 20, 2017
Ola to buy Foodpanda: More than taking on UberEATS, it's a hyper growth strategy for Indian coGiven that Foodpanda has been struggling for a while, the acquisition was waiting to happen.
Dec 20, 2017
Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATSThe deal marks Ola’s return to the food delivery business, which it exited in 2016,
Dec 19, 2017
Ola to re-enter online food delivery market, will buy Foodpanda’s India unit in an all-stock dealIn 2014, Ola had forayed into food delivery business with Ola Cafe and had expanded offering to cities like Delhi, Mumbai and Bengaluru
Dec 19, 2017
Ola buys Foodpanda India from Delivery Hero Group for $200 mn; Pranay Jivrajka to head this new business unitAccording to the cab aggregator platform's statement, the deal includes the transfer of Foodpanda's India business to Ola in an acquisition deal in exchange for Ola stock.
Jun 07, 2017
German food takeaway firm Delivery Hero prepares to issue shares worth 450 million eurosDelivery Hero has grown rapidly and now employs over 6,000 people, providing a digital platform to order meals from 150,000 restaurants in 40 countries.
Sep 28, 2016
After taxi, Uber aims to make it big in the global food delivery market; plans to enter 22 new countriesIn addition to 6 countries it operates, UberEats is planning to enter at least 22 new countries across the world in the near future