These days, there is innovation in every industry starting from fintech to food tech. When it comes to the food tech industry, it is one of the untapped markets that is facing a lot of disruption. According to a Dealroom report analysing the growth of food tech companies in Europe in 2018, there are nine unicorns in the segment.
One such food tech company is Berlin-based Delivery Hero. It is one of the world’s leading food delivery marketplaces. Recently, the company announced its earnings and disclosed that it has witnessed 269 million orders in H1 2019, which is higher than 167 million orders in the same period in 2018. Also, the year-on-year revenue is claimed to have increased by 98%.