Delivery Hero has paid $235m to acquire an 8% stake in the grocery delivery service through a round that included Tencent, valuing it at $3.1bn post-money.

Food delivery service provider Delivery Hero paid $235m today to lead a series C round for Germany-based on-demand grocery shopping platform Gorillas sized at almost $1bn.

Delivery Hero acquired an 8% stake in Gorillas through the round, which included internet technology group Tencent as well as investors including Coatue Management, DST Global and Dragoneer, valuing it at $3.1bn post-money.

The series C round was initially reported last month to be sized at $950m to $1bn and also backed by…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.