DLVHF - Delivery Hero: Ambitious Growth Story
Overview
The Berlin-based Delivery Hero (DLVHF) is an ambitious growth story in the global online delivery space. It operates a massive food delivery business across Europe, MENA, Asia, and the Americas. In 2019, the company recorded a ~€7.4 billion of GMV (Gross Merchandise Value) and 666 million of orders, which represent a staggering 68% and 80% YoY growth respectively. Considering its exposure to fast-growing emerging markets, there are untapped opportunities that will enable the company to grow its market share further. However, the "growth at all cost" approach has its mix of good