Rocket Internet expands Global Online Takeway Group

Mar 11, 2015 • Robert Lavine

The corporate-backed venture firm has upped its stake in Delivery hero to 39% and has contributed to a $110m round raised by FoodPanda.

Corporate-backed venture firm and incubator Rocket Internet built up the size of Global Online Takeaway Group, its collection of online food-based businesses, today with two significant investments.

The firm upped its stake in Germany-based food ordering service Delivery Hero to 39% today, investing €52m ($55m) to buy shares from Delivery Hero’s existing investors, and contributing Talabat, the Kuwait-based food delivery service it acquired for $170m last month.

Rocket Internet made a $328m equity investment and a $240m secondary investment in…

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