food delivery

The company said the boards consider the offer to be in the best interests of Delivery Hero.

Ownly, Rapido’s food delivery platform, launched as a standalone app across Bengaluru on March 3, 2026.

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Delivery Hero said it entered into agreements with Uber and SSW covering certain businesses.

The offer values Delivery Hero above its current market capitalization of about 11.2 billion euros (US$12.8 billion).

Momentum Works said the study tracked platform GMV across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Prosus has previously said its repurchase program is designed to increase NAV per share.

DoorDash and Riyadh-based startup Ninja have shown interest in Delivery Hero’s Middle East operations.

Prosus held 16.83% of Delivery Hero, according to London Stock Exchange Group data.

Revenue for the quarter ended March 31 rose 5.6% year on year to 91 billion yuan, or about US$13.45 billion, in line with estimates.