DLVHF - Delivery Hero Continues To Deliver At The Expense Of Shareholders
- My initial post on Delivery Hero was published as its US competitor DoorDash had just gone public.
- Since then, both firms have extensively underperformed the broad market.
- With a business model primed on raising cheap capital and buying its way to consumer hearts, delivery firms have played a central role of convenience during lockdown periods.
- The recent acquisition of the Korean firm WOOWA highlights Delivery Hero’s quest for scale via the acquisition route.
For further details see:
Delivery Hero Continues To Deliver At The Expense Of Shareholders