Delivery Hero eats up €40m

Aug 28, 2012 • Sida Liu

The corporate venturing unit of Germany-based retail company Tengelmann and Russia-based technology company Ru-Net have helped online takeaway service Delivery Hero raise €40m ($50.2m), in series D funding led by Kite Ventures.

The round brings in venture debt provider Kreos Capital and doubles Delivery Hero’s total funding to €80m. Delivery Hero’s previous investors as well as Tengelmann Ventures, Ru-Net and Kite Ventures, also include venture firms Holtzbrinck Ventures, and Point Nine Capital, with incubator Team Europe providing the initial…

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