Two American investors valued the company at 2.8 billion euros in its latest funding round, which took place last year.
Europe’s biggest startup Delivery Hero, a German online food take away service, is likely to go public next year, according to its CEO.
“We’re in no hurry. Could it happen next year? Quite possibly. But in the end it will depend on whether we find the market conditions that we think will support our long-term vision,” said Niklas Ostberg to the German weekly, Welt am Sonntag, in an interview. “We have the size and earnings power that is needed.”
Delivery Hero is seen as the start-up closest to going public in the portfolio of German ecommerce investor Rocket Internet. It bought a stake in the company last year and now holds a 37% stake in it.
Delivery Hero was founded in 2011. It quickly ramped up its delivery network so as to cover 300,000 restaurants in 33 countries.
In 2015, in a new funding round, the company raised undisclosed amounts from two U.S. investors who valued the company at 2.8 billion euros.
According to its CEO, Delivery Hero’s annual turnover is more than 300 million euros and the company’s core business is very profitable.
Ostberg however declined to give any further details.
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