The leading delivery platform Delivery Hero SE has announced that it was entering into an agreement with a delivery start-up Glovo to acquire its operations in Latin America for approximately $273 million. The transaction includes Glovos operations in Argentina, Peru, Ecuador, Panama, Costa Rica, Honduras, Guatemala and the Dominican Republic.
- Glovo is an on-demand delivery platform that allows you to buy, collect and send any product or item within your city.
- With the acquisition of Glovos operations in Peru, Ecuador, Costa Rica, Honduras and Guatemala, Delivery Hero adds five new countries to its Latin American footprint.
- Glovo will continue to operate the business in these countries until March 2021.
In Aug 2020, The food delivery leader Delivery Hero SE announced the acquisition of a leading online grocery marketplace InstaShop for approximately $360 million. InstaShop connects customers with vendors in the Middle East and North African region. InstaShop is also a leading grocery delivery marketplace in the MENA region.
In December 2019, Delivery Hero SE had signed a joint venture agreement with shareholders, including senior management, of Woowa Brothers Corp. The Transaction reinforces Delivery Heros commitment to expand into fast-growing Asia and solidifies its position as the largest global food delivery platform, outside of China by number of orders. As part of the transaction, a Joint Venture with the management of Woowa will be established in Singapore.
In May 2019, Delivery Hero SE announced investments in the Series A funding round for BIO-LUTIONS International AG (BIO-LUTIONS). As an innovator in the field of bio-materials, BIO- LUTIONS produces sustainable packaging and disposable tableware made from agricultural residues.
About Delivery Hero
Delivery Hero headquartered in Berlin, Germany, is one of the leading global online food ordering and delivery marketplaces. The company offers online platform for food order and its delivery in over 200 cities across the world. The company has active users in more than 41 countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. The company provides employment opportunities to approximately 21,000 people.