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New Deal


Announced

Completed

Delivery Hero led a $950m Series C funding round in Gorillas.

Financials

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Transaction Value£693m
Consideration TypeCash
Capital Owned-
Capital Bid For32%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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E-commerce

delivery startup

Germany

Friendly

Acquisition

Private

Minority

Private Equity

Completed

Venture Capital

Cross Border

Synopsis

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Delivery Hero, a provider of online food ordering services, led a $950m Series C funding round in Gorillas, a European startup in the convenience delivery market. Additional investors include Tencent, Coatue Management, DST Global and A-Star Partners. The new funding will be used by the company to continue expanding in its major European markets, including Germany, UK, Spain and France. The company also has sights set on the United States, where black-clad bike and scooter riders began delivering to customers in New York in recent months.

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