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May, 16 2017

​Delivery Hero raises 387 million euros from Naspers

Berlin-based Delivery Hero, had said last month it could consider an initial public offering (IPO) to raise capital to bulk up and face competition from the likes of Uber.

Online food takeaway firm Delivery Hero, one of Europe's biggest start-ups, has raised 387 million euros ($423 million) by issuing new shares to South African media and e-commerce firm Naspers, shareholder Rocket Internet reported.

The share issue means Rocket's stake will be diluted to 33% from just under 38%. Rocket said the valuation was in line with previous valuation rounds, without specifying further.

Berlin-based Delivery Hero, had said last month it could consider an initial public offering (IPO) to raise capital to bulk up and face competition from the likes of Uber.

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