Delivery Hero
Berlin-based delivery group listed in Frankfurt, operating food ordering, delivery and quick-commerce platforms in around 70 countries, including talabat, HungerStation and InstaShop in the Middle East. Uber has made a takeover offer for the company.
Industry: Online food ordering and quick commerce | Location: Berlin, Germany | Founded: 2011
About Delivery Hero
Delivery Hero is a German food delivery and quick-commerce group operating in around 65 countries, with strong positions in Europe, the Middle East, Asia and Latin America. It was founded in Berlin in May 2011 by Niklas Östberg, Kolja Hebenstreit, Markus Fuhrmann and Lukasz Gadowski, and Östberg has served as chief executive. Its brands include Foodpanda, Talabat, which is a dominant player in the Gulf across markets such as the UAE, Saudi Arabia, Kuwait and Qatar, and HungerStation in Saudi Arabia. Talabat listed in Dubai in December 2024, raising about USD 2 billion from a 20 percent sale.
The company is the target of a takeover by Uber. After an initial USD 13.7 billion approach was rebuffed in 2024, Uber bought shares on the open market and through derivatives until its holding reached roughly 37 percent, making it the largest single shareholder. TechScoop reported that talks for a deal valued around USD 10 billion to 14 billion, depending on terms, were advancing, and that any agreement would likely involve divestitures to address antitrust concerns. On 14 July 2026 Delivery Hero confirmed advanced negotiations with Uber. On 16 July Uber launched a public takeover offer valuing the company at about USD 14.8 billion; Delivery Hero's management and supervisory boards said they supported the proposal and intended to recommend it to shareholders once the formal offer document is reviewed, and Prosus agreed to sell its stake of just under 17 percent. The offer was expected to complete in the second half of 2027, subject to regulatory and shareholder approvals. Uber committed to invest EUR 2 billion in Germany through 2031 and to keep Delivery Hero's Berlin headquarters and workforce until at least 2029.
Delivery Hero had already agreed to sell certain businesses to the US investment firm SSW Partners as part of preparations, and had been conducting a strategic review of its assets under shareholder pressure. Uber is also reported to be sounding out buyers for Delivery Hero assets in Latin America, Asia and Europe.
The Middle East arm has attracted competing interest. Reporting from June 2026, citing the Financial Times, says the Riyadh-based quick-commerce company Ninja is weighing a bid, either for HungerStation or alongside a partner for parts of Talabat. Ninja was founded in 2022 by Ebrahim Al-Jassim, who originally built HungerStation before a dispute ended with Delivery Hero buying him out. DoorDash has also examined the region, and Prosus, until recently Delivery Hero's largest shareholder, had reportedly considered raising its stake to counter Uber. People close to the matter have valued the sum of the parts, including South Korea, at more than EUR 17 billion, above the group's market capitalisation.
Leadership
- Niklas Östberg, Co-founder and Chief Executive Officer
- Marie-Anne Popp, Chief Financial Officer
- Pieter-Jan Vandepitte, Chief Operating Officer
- Johannes Bruder, Chief Product Officer
- Kristin Skogen Lund, Chair of the Supervisory Board
- Toon Gyssels, Chief Executive Officer, talabat
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