Food delivery companies are riding a wave of growth from consumers ordering from home during the COVID-19 pandemic, but the sector remains marked by harsh competition and a fight to secure greater market share. Looking forward, the global online food industry is predicted to grow and reach $154.34 billion (approx £113.7 billion) in 2023 at a CAGR of 11.51%.
As the battle for food delivery dominance in Europe is heating up, Delivery Hero, Berlin-based leading online food delivery company, continues to focus on expanding business with several strategic investments and acquisitions.
Raised £1.12 billion
In a recent move, the big food tech raised a whopping €1.25 billion (approx £1.12 billion) by 9.44 million new shares to institutional investors, increasing its current share capital by around 4.7%....