Divestiture • Internet Software and Services

Delivery Hero Acquires Foodora

On September 17, 2015, Delivery Hero acquired internet software and services company Foodora from Rocket Internet

Acquisition Context
  • This is Delivery Hero’s 9th transaction in the Internet Software and Services sector.
  • This is Delivery Hero’s 5th transaction in Germany.
Investment Fate
  • Foodora was divested to a consortium of strategic buyers in 2018.

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M&A Deal Summary

Date September 17, 2015
Target Foodora
Sector Internet Software and Services
Buyer(s) Delivery Hero
Sellers(s) Rocket Internet
Deal Type Divestiture

Target Company

Foodora

Munich, Germany
Foodora GmbH is an online portal that enables users to order food in their favorite restaurants and provides delivery service. Foodora was founded in 2014 and is based in Munich, Germany.
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Buyer Overview 1

Buyer

Delivery Hero

Berlin, Germany

Category Company
Founded 2011
Sector Internet Software and Services
Employees44,612
Revenue 12.3B EUR (2024)
DESCRIPTION

Delivery Hero is a worldwide network of online food ordering sites with restaurants connected to its service across 5 continents. Delivery Hero was founded in 2011 and is based in Berlin, Germany.


Deal Context for Buyer #
Overall 10 of 17
Sector: Internet Software and Services 9 of 16
Type: Divestiture 1 of 2
Country: Germany 5 of 5
Year: 2015 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Yemeksepeti

Istanbul, Turkey

Yemeksepeti is an online food ordering company in Turkey founded in 2001. The company operates portals that bring together consumers and restaurants and enables consumers to order food online both in Turkey and in UAE (www.foodonclick.com). Yemeksepeti currently has more than 6,500 contracted delivery restaurants across 41 cities in Turkey, and over 500 restaurants in the UAE.

Buy $589M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Suppertime Australia Pty.

Bellevue Hill, Australia

Suppertime Australia Pty. Ltd. is an online provider of food delivery services.

Buy -

Seller Profile 1

SELLER

Rocket Internet

Berlin, Germany

Category Company
Founded 2007
Sector Internet Software and Services
Employees404
Revenue 118M EUR (2021)
DESCRIPTION

Rocket Internet is an entity which identifies and builds proven internet business models and transfers them to new, underserved or untapped markets, mainly outside the United States and China. Rocket Internet was founded in 2007 and is based in Berlin, Germany.


Deal Context for Seller #
Overall 1 of 4
Sector: Internet Software and Services 1 of 3
Type: Divestiture 1 of 4
Country: Germany 1 of 2
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 Rocket Internet & Food Panda - Four Businesses

Brazil

Rocket Internet & Food Panda - Four Businesses are online takeaway food businesses trading in Spain (La Nevera Roja), Italy (PizzaBo/hellofood Italy), Brazil (hellofood Brazil) and Mexico (hellofood Mexico).

Sell €125M