Yahoo Japan is paying $83.7m for a 45.6% stake in online recipe platform and portfolio company Dely, which has several other corporate backers.
Internet company Yahoo Japan has acquired a majority stake in Japan-based online recipe provider Dely for ¥9.3bn ($83.7m), two years after first investing in the company, The Bridge reported on Wednesday.
Yahoo Japan, which owned a 15.9% share of the company following its inaugural investment in 2016, will invest the latest funding at a valuation of about $184m.
Founded in 2014, Dely is the owner of Kurashiru, an online recipe listing platform that has more than 18,000 cooking videos.
The…
