Naspers has continued its growth-through-investment strategy by paying $423m for a 13.5% share of online food ordering platform Delivery Hero.
Online services and media group Naspers has invested €387m ($423m) in Germany-based online food ordering platform Delivery Hero in a deal that reflects Naspers’ growth and ongoing ambitions.
Delivery Hero’s valuation in the investment is unchanged from the $3.1bn post-money valuation at which it closed its last funding in mid-2015, which would give Naspers a stake of approximately 13.5%. It will also obtain a seat on Delivery Hero‘s supervisory board.
Founded in 2011, Delivery Hero operates an app-based service that…
