Delivery Hero buys minority stake in grocery delivery startup Gorillas

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Delivery Hero said on Tuesday it had invested $235 million in the Berlin-based grocery delivery company Gorillas, amid a boom in rapid delivery services.

The purchase means Delivery Hero will own 8% of the fast-growing startup which operates in nine countries and has coveted ‘unicorn’ status little more than a year after its foundation.

The investment is part of a series C funding round which has raised close to $1 billion and saw participation by China’s Tencent and Coatue, among other top-tier investors.

“We truly believe that investing in innovative q-commerce players will benefit the entire industry,” said Delivery Hero Chief Executive Niklas Oestberg in a statement.



Categories: Venture Capital

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