Delivery Hero announces acquisition of Middle Eastern delivery service Carriage
30 MAY 2017, BERLIN
SummaryDelivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today it has agreed to acquire* Carriage, a young and fast-growing food delivery platform based in Kuwait and operating in the Gulf Council Countries (GCC).
Carriage operates a hybrid business model offering both, delivery marketplaces and own delivery services in the Middle East, allowing it to add restaurants to its marketplaces that either do not offer deliver services themselves or intend to discontinue their own delivery services. This hybrid business model reflects a wider shift across several regions with a growing demand of customers and restaurants for such combined services. The acquisition ensures that Delivery Hero will stay at the forefront of this shift.
Niklas Östberg, CEO of Delivery Hero, said: “Carriage is an innovative player in the Middle Eastern food delivery market with an excellent management team. It will be a perfect addition to our current offering under the Talabat brand and strengthen our foothold in this region, where we see significant growth potential.”
Abdullah Jihad Almutawa, CEO of Carriage: “We are delighted to join forces with the leading global player in our space and are excited about the new opportunities that lie ahead of us. Becoming part of Delivery Hero will strengthen our business and extend our reach considerably.”
Carriage was founded and is managed by CEO Abdullah Jihad Almutawa, CFO Musab Jihad Almutawa, COO Khaled Youssef Alqabandi, and CTO Jonathan Lau. The strong team of founders was key to the acquisition and will remain on board going forward. The company was founded in Kuwait and has extended into several other markets in the region.
The parties have agreed not to disclose financial details of the transaction.
* An indirect investment through GCC entities.
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 delivery service primarily in 50+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees.