By Cristina Roca 
 

Delivery Hero SE said Tuesday that it has taken a minority stake in on-demand grocery-delivery company Gorillas Technology GmbH.

The Berlin-based delivery platform led a Series C funding round for the startup, investing $235 million and giving Berlin-based Gorillas a pre-money valuation of $2.1 billion. Tencent Holdings Ltd. was also among the investors participating in the round.

Delivery Hero now owns about 8% of Gorillas, it said.

The investment shows Delivery Hero's commitment to advancing quick commerce globally, the company said. Founded in 2020, Gorillas operates in nine countries in Europe and North America and opened 140 warehouses in the past six months.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

October 19, 2021 02:00 ET (06:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Delivery Hero (XE:DHER)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Delivery Hero Charts.
Delivery Hero (XE:DHER)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Delivery Hero Charts.