Tuesday, August 28, 2012

Take-Out Wars Heat Up: Delivery Hero Raises Further $50M To Race Just-Eat To Global Domination

Screen Shot 2012-08-27 at 12.09.41Delivery Hero, the online take-out ordering service founded by startup factory Team Europe, has raised a hefty $50 million Series D led by Kite Ventures, a previous backer of the company, while Kreos Capital also joins this latest round. This brings Delivery Hero's total funding to approximately $100m and comes hot on the heels of its biggest rival, Just-Eat, raising an additional $64 million from Vitruvian Partners, Index Ventures, Greylock Partners and Redpoint Ventures, bringing its total funding to a whopping $129.4m. It seems that the war of the take-outs is well and truly underway.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/1hAILpj6DIw/

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