Recent events
Recent events tied to this brand in public sources.
Back to profile3 entries
2021
Foodpanda announces planned exit from Japan
Delivery Hero said its Foodpanda brand would exit the Japanese market and sell its Japan business in the first quarter of the following year. The article attributes the decision to intense competition and a shortage of delivery workers.
2020
Delivery Hero agrees to acquire Glovo's Latin American operations
Delivery Hero entered into an agreement to acquire Glovo's operations in Latin America for up to EUR 230 million, including a EUR 60 million performance-based earn-out. The transaction was expected to close in the following weeks, subject to conditions and regulatory approvals.
2020
Delivery Hero acquires InstaShop
Delivery Hero acquired InstaShop, a Dubai-based grocery delivery platform operating in five markets. Delivery Hero said the acquisition values InstaShop at $360 million, with $270 million upfront and a further $90 million tied to growth targets.