Corporate venturing vehicle Vorwerk Ventures is exiting beverage delivery provider Flaschenpost in a $1.16bn acquisition by Dr Oetker.
Packaged food producer Dr Oetker has paid €1bn ($1.16bn) for Germany-based drink delivery service Flaschenpost in a transaction that will allow cleaning product distributor Vorwerk to exit, Deutsche Startups reported on Sunday.
Founded in 2016, Flaschenpost runs an online service that allows users to order beverages that are available for delivery in under two hours to customers across 23 German cities.
Home delivery services have experienced a significant uptick in business during the coronavirus pandemic, and Flaschenpost’s sales last month…
