Delivery Hero Takes $235M Stake in
October 19, 2021
Delivery Hero has invested USD 235 million (EUR
200 million) in the Berlin-based on-demand delivery startup Gorillas
Technologies GmbH (“Gorillas”). Leading the series C funding round, which saw
the participation of Tencent, Coatue, DST, Dragoneer, and other top tier
investors and raised close to USD 1 billion at a pre-money valuation of USD 2.1
billion, Delivery Hero now owns approximately 8% of Gorillas.
The investment highlights Delivery Hero’s commitment to advancing quick commerce
(“q-commerce”) globally. Delivery Hero is proud to support companies that
disrupt the delivery landscape through an innovative and entrepreneurial spirit.
As a European unicorn, Gorillas has shown their ability to accelerate the wave
of q-commerce while growing their local footprint at an impressive pace.
Niklas Östberg, CEO and Co-Founder of Delivery Hero said, "Delivery Hero is on a
mission to advance quick commerce globally and we see Gorillas as one of the
leaders in Europe and the US. The Gorillas team has an exceptional customer
focus driving the highest retention rates we have seen in the industry. This has
enabled them to reach over USD 300 million revenue run-rate in only one year
with continued double digit monthly revenue growth. We truly believe that
investing in innovative q-commerce players will benefit the entire industry and
set a new standard for what a great customer experience looks like."
in 2020 and based in Berlin, Gorillas provides consumers instant access to
essential grocery products. The on-demand grocery delivery company operates a
network of warehouses that are located in the city centers and set up for
optimized picking and packing to ensure fast delivery. The startup has grown
tremendously, opening over 140 warehouses and delivering 4.5 million orders in
the past six months. Gorillas operates in nine countries: Belgium, Denmark,
France, Germany, Italy, Netherlands, Spain, the United Kingdom and the United
States of America.
Kağan Sümer, CEO of Gorillas added, "Within a year, we have successfully
developed Gorillas to become a leading instant on-demand delivery player. This
investment underpins our global ambition and the opportunities the industry
holds. We are excited about Delivery Hero’s investment as we start the next
phase of our development. We have similar visions of what the future of delivery
looks like and we are thankful to be backed by a prominent player such as