| 10 Jan, 2022 11:45 AM
Berlin, 10 January 2022 – Delivery Hero SE (“Delivery Hero” or “the Group”), the world’s leading local delivery platform, today announced that it has sold USD 150 million worth of its stake in the Latin-American delivery company Rappi.
Over the past months, Delivery Hero has sold close to its total invested capital in Rappi in a series of transactions. Delivery Hero continues to hold an approximate stake of 7.9% in Rappi on a fully diluted basis, currently valued at over USD 400 million based on the Series F valuation.
Delivery Hero first invested in Rappi in its Series B, when the company was valued at approximately USD 400 million. Rappi’s financial performance is a testament to the company’s overall fantastic growth and strong business model. However, Delivery Hero will continue to exercise a disciplined capital allocation, and focus on investments that are in line with the Group’s strategic vision. Over time, the remaining Rappi shares will be monetized at an appropriate valuation.
ABOUT DELIVERY HERO
Delivery Hero is the world’s leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com
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