Delivery Hero's Korean subsidiary Woowa delivers a record of 100 million orders within a single month

DGAP-News | 31 Aug 2021

Delivery Hero SE / Key word(s): Miscellaneous
Delivery Hero's Korean subsidiary Woowa delivers a record of 100 million orders within a single month

31.08.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

  • Baedal Minjok (Delivery Hero's app in South Korea, operated by Woowa) processed 100 million orders in August 2021
  • Delivery Hero strongly believes in the potential of the Korean market and sees further business growth ahead
  • One of the key investment areas for Delivery Hero and Woowa in Korea has been own delivery, with the goal to grow the own delivery order volume to 15 million in December 2021

Berlin, 31 August 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, today announced a new peak of orders from its Korean subsidiary Woowa. As the operator of the largest online food delivery platform in South Korea ("Baedal Minjok" or "Baemin"), Woowa[1] delivered 100 million orders in August 2021. Delivery Hero is particularly proud of reaching this record as it is yet another proofpoint of the high potential of the Korean delivery market and underlines Woowa's strong operational performance.

Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "We have always seen tremendous potential both in Woowa and the Korean market at large, and the growth of order numbers proves us right. We have had a fantastic start to the partnership with tremendous success in launching own delivery and a new multi-vertical user interface which improves customer experience. This has not only generated value for our customers but also riders, restaurants, local businesses and the full delivery ecosystem. Seeing Korea reaching these order levels further highlights how much growth potential we have in many of our international markets."

Benefitting from both a large pool of tech talents and an innovative mindset, Korea is at the forefront of pushing the boundaries of the delivery industry. Together, Delivery Hero and Woowa have been heavily investing in ramping up own delivery ("OD") in South Korea, and the share of OD orders already doubled to 8% in June compared to February with Seoul now reaching as high as 29%. The company will continue to expand this service to new cities and aims at reaching an OD order volume of 15 million in December.

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

Woowa operates South Korea's largest online food delivery platform under its brand "Baedal Minjok." Woowa ceaselessly works to innovate the food-tech industry through, amongst others, crowd-sourcing rider systems, robotics technology, and virtual kitchens. Woowa has also launched an instant grocery delivery service called "B-Mart", which provides grocery delivery services under 30 minutes. Woowa has operations in South Korea, Vietnam and Japan. The company has more than 1,100 employees in its headquarters, and approximately 1,700 employees including affiliates.

Kingsum Li
Specialist, Corporate & Financial Communications
+49 151 112 086 22

Christoph Bast
Head of Investor Relations
+49 160 30 13 435

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

[1] In 2020, the Woowa group processed 729 million orders (+75% yoy).

31.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Delivery Hero SE
Oranienburger Straße 70
10117 Berlin
Phone: +49 (0)30 5444 59 105
Fax: +49 (0)30 5444 59 024
ISIN: DE000A2E4K43
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange
EQS News ID: 1229953

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1229953  31.08.2021