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Naspers invests €387m in Delivery Hero

Naspers invests €387m in Delivery Hero Cape Town and Berlin, 12 May 2017 - Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it  will be investing €387 million for a minority stake in Germany-based Delivery Hero, the leading global online food ordering and delivery marketplace, at a valuation in line with Delivery Hero’s previous valuation. Naspers will also be represented with one member on Delivery Hero‘s Supervisory Board.
 
Delivery Hero processed 171 million orders in 2016, up 65% from the previous year, positioning it as the leading online food and delivery marketplace in most of the more than 40 countries in which it operates. The group is the largest food network in the world with more than 150,000 restaurant partners and leading brands such as foodora, Yemeksepeti, Talabat.com, pizzaonline, and more.
 
“Food ordering and delivery presents an attractive opportunity for us. It is a large, underpenetrated, and growing market with potential for success across a broad range of geographies that Naspers knows well,” Naspers CEO, Bob van Dijk said. “Delivery Hero has already achieved significant traction in some markets, but the vast majority of high-growth markets are at the beginning of the opportunity cycle. Naspers’ deep expertise in building leading marketplace businesses in high-growth markets, which includes the leading food delivery business in Latin America, combined with the strength of the Delivery Hero platform, positions us well to build a leading, global food ordering and delivery platform.”
 
Delivery Hero CEO, Niklas Östberg said, “We are delighted to welcome such a renowned and strong investor with a proven track record in building successful platforms around the world. Naspers’ capital, relationships and knowhow will support our growth momentum as we continue to focus on creating an amazing takeaway experience.”
 
For more information please contact:
Meloy Horn, Head of Investor Relations
[email protected], +27 11 289 3320
 
 
About Naspers
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 130 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. It runs some of the world’s leading platforms in internet, video entertainment, and media.
 
Naspers companies connect people to each other and the wider world, help people improve their daily lives, and entertain audiences with the best of local and global content. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, SinDelantal, Twiggle, and Udemy. Similarly, hundreds of millions of people have made the platforms of its associates Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), and MakeMyTrip Limited (www.makemytrip.com; NASDAQ:MMYT) a part of their daily lives.
 
Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London Stock Exchange (LSE: NPSN). For more information, please visit www.naspers.com.
 
About Delivery Hero
Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users, gross merchandise value or website traffic, in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own last-mile food delivery primarily in 50+ high-density urban areas around the world.  The Company is headquartered in Berlin and has over 5,000 employees

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