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Delivery Hero acquires Rocket Internet-backed start-up Foodpanda

Delivery Hero Holding GmbH is acquiring Foodpanda, bringing together two top food delivery start-ups based in Germany. Rocket Internet SE, a backer of both companies, said the combined business will process more than 20 million orders a month and operate in 47 countries. The German start-up investor said the deal will increase its Delivery Hero stake to 37.7%. Rocket Internet, a backer of both firms, said the combined business of Delivery Hero and Foodpanda will process more than 20 million orders a month and operate in 47 countries.

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