A few weeks back, food delivery giant Delivery Hero signed an agreement with shareholders, including senior management of Woowa Brothers Corp. (“Woowa”) to expand its footprint in Asia.
In a latest development, Delivery Hero raised €2.3 billion (approx $2.56 billion) from the sale of new shares and convertible bonds to fund its $4 billion (approx €3.6 millions) acquisition of South Korea’s food delivery app owner Woowa Brothers.