German takeaway delivery company Delivery Hero has raised another massive round of funding, TechCrunch reports, valuing the company at $US3.2 billion (£2.1 billion).
CEO NiklasÖstberg is reticent about the source of the funding, refusing to confirm who invested. But we do know that it is $US110 million (£72.2 million), comes from two “leading public market investors” in the US, and is the latest in a string of recent funding rounds.
The company has raised $US1 billion overall (£660 million). And $US600 million (£393 million) of that has been raised just this year alone. Accordingly, business is booming for Delivery Hero, which lets restaurants sign up to offer their takeaway food to customers through websites and apps. 10 million orders are now placed every month, with 200,000 restaurants in 34 countries — totalling $US165 million (£108.3 million) monthly sales.
The company, founded by Niklas Östberg, Lukasz Gadowski, and Markus Fuhrmann, is slowly gearing up for an IPO, but it’s also staying mum on those details. Östberg told TechCrunch that “we will not be able to share investors and also not when we will IPO. Our view is that we will be prepared later this year but will wait until we see a clear benefit from it… Right now we enjoy the benefits of being private. We have the same financial backing as our public peers while being able to act very long term. This makes us the worst possible competitor you can have. Therefore no plans to IPO in 2015.”
In a statement, the company says it plans to use the new funds for “selective acquisitions and intensive product innovation.” Previous investors include Venture Partners, General Atlantic, and Rocket Internet — which now owns almost 40% of the company, according to the Financial Times.
Business Insider has reached out to Delivery Hero for comment and will update when it responds.