Delivery Hero to Invest in On Demand Grocery Delivery Company Gorillas | Financial Buzz

Delivery Hero to Invest in On Demand Grocery Delivery Company Gorillas

Delivery Hero plans to take a minority stake in the on-demand grocery delivery company Gorillas, investing USD 235 Million.  Delivery Hero focuses on strengthening the ecommerce ecosystem while innovating in the delivery industry.  Delivery Hero took chargeof Gorillas’ series C funding round and now holds a total of 8% of the company.  Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: “Delivery Hero is on a mission to advance quick commerce globally and we see Gorillas as one of the leaders in Europe and the US. The Gorillas team has an exceptional customer focus driving the highest retention rates we have seen in the industry. This has enabled them to reach over USD 300 million revenue run-rate in only one year with continued double digit monthly revenue growth. We truly believe that investing in innovative q-commerce players will benefit the entire industry and set a new standard for what a great customer experience looks like.” Founded in 2020 and based in Berlin, Gorillas provides consumers instant access to essential grocery products. The on-demand grocery delivery company operates a network of warehouses that are located in the city centers and set up for optimized picking and packing to ensure fast delivery. The startup has grown tremendously, opening over 140 warehouses and delivering 4.5 million orders in the past six months. Gorillas operates in nine countries: Belgium, Denmark, France, Germany, Italy, Netherlands, Spain, the United Kingdom and the United States of America.

Kagan Sümer, CEO of Gorillas, said: “Within a year, we have successfully developed Gorillas to become a leading instant on-demand delivery player. This investment underpins our global ambition and the opportunities the industry holds. We are excited about Delivery Hero’s investment as we start the next phase of our development. We have similar visions of what the future of delivery looks like and we are thankful to be backed by a prominent player such as Delivery Hero.”

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