Uber will buy Delivery Hero in a deal valuing the German firm at $14.8 billion to create the largest food-delivery group outside China.
Food Delivery Market
The transaction continues a consolidation spurred by a slowdown in orders from the pandemic peaks as well as pressure to improve margins.
Here are details on how the food-delivery companies stack up globally:
- DoorDash: $13.71 billion revenue, 31,400 employees
- Meituan: 364.85 billion yuan ($53.91 billion) revenue, 111,298 employees
- Uber Eats: $17.24 billion revenue, 34,000 employees
- Eternal Ltd (Zomato): 215.81 billion Indian rupees ($2.24 billion) revenue, 6,903 employees
- Grab: $3.37 billion revenue, 12,012 employees
- Delivery Hero: €14.80 billion ($16.97 billion) revenue, 54,721 employees
- Just Eat: $1.92 billion revenue
- Swiggy: 243.15 billion Indian rupees ($2.52 billion) revenue, 4,488 employees
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.