Delivery Hero Business Update for H1 / 2016
With more than 83 million processed orders in H1/2016 Delivery Hero is the global leader in online food ordering.
The number of processed orders in H1/2016 grew organically* by 45% compared to H1/2015. This positive trend continued in July with an organic* year-over-year order growth of 55%. This was our fastest organic growth as a group since 2013. Revenues during the first half of 2016 grew by 53%.
Additionally Delivery Hero’s core business is already operating profitably. At the same time, the company continues to invest heavily into its premium brand Foodora. Foodora’s growth continues to be extremely fast and the brands financial development also remains above plan.
In order to further fund the fast growth of Foodora, Delivery Hero raised some additional capital – a high two-digit million amount. The capital was raised with very good conditions, especially given a slightly more difficult capital market environment for start-up financing.
Delivery Hero also maintains a very positive growth outlook for the rest of the year. Especially the strong position in very attractive regions drives the continuous fast growth of the group. The Turkish subsidiary Yemeksepeti, for example, continues to grow above plan and is reaching the threshold of 4 million processed orders per month.
*like for like basis