BERLIN--(BUSINESS WIRE)--Delivery Hero today announces the acquisition of PedidosYa, the market leader for online food ordering in Latin America. With this acquisition, Delivery Hero is maintaining and expanding its strong position as a global market leader and is now represented in 20 countries across four continents.
PedidosYa was created in 2009 by a three-member founding team led by current CEO Ariel Burschtin in Uruguay. After the concept was successfully established in the domestic market, the company expanded into Latin America. PedidosYa is currently operating in nine countries: Argentina; Brazil; Chile; Colombia; Mexico; Peru; Puerto Rico; Venezuela and Uruguay. The network includes 12,000 partner restaurants that covers more than 300 cities and the company is about to launch in 3 new countries.
PedidosYa and Delivery Hero were already in confidential partnership since late last autumn. PedidosYa has since then more than doubled its orders and the cooperation between the companies has proven to be very successful. Now Delivery Hero and the founders of PedidosYa are the only shareholders after Delivery Hero bought up the shares of the existing investors, Atomico and Kaszek.
Delivery Hero sees a very attractive growth opportunity in the Latin American markets. The success of the PedidosYa App with more than two million downloads shows the enormous potential for new technologies in this region.
Niklas Östberg, CEO of Delivery Hero: “The PedidosYa team has built one of the best consumer experiences in the industry. We are very happy they decided to partner up with Delivery Hero.”
Ariel Burschtin, CEO of PedidosYa: “Latin American companies mostly limit themselves to their national markets. We belong to a new generation of entrepreneurs who focus on international expansion. In this sense we fit perfectly to Delivery Hero and are pleased to be part of the global leader.”
About Delivery Hero
Delivery Hero is a global leader in online food ordering with more than 60,000 partner restaurants worldwide. The company is currently in Germany, UK, Sweden, Finland, Poland, Austria, Denmark, Australia, Switzerland, South Korea, China, and India in the market. Delivery Hero has over 800 employees; including around 400 at its Berlin headquarter.
PedidosYa is the market leader for online food ordering in Latin America with 12,000 restaurant partners across the region.