The Ledger
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Östberg: Delivery Hero was disrupted by Rappi in Colombia
“We didn't do that fast enough in, in Colombia, as a good example, and we get disrupted by Rappi. So then the cohorts deteriorated big time.”
Östberg: Glovo was losing $330M annually when Delivery Hero acquired it
“And global, we lost three hundred thirty million. When we acquired it”
Delivery Hero cut $100M–$200M by exiting Germany and Japan in late 2021
“Back in end of 2021, We felt a little bit worried about the market. We shut down Germany and Japan. We cut a 102 hundred million out of our budget before the year even started.”
Delivery Hero grew Talabat from 60,000 to 20 million monthly orders
“So if I give some of the examples was acquired when the company did 60,000 orders per month. And today it does maybe twenty million orders per month, or close to at least.”
Delivery Hero scaled Thailand to 400k daily orders unsustainably in one year
“If you take our Thailand business, we scaled from a couple of thousand orders a day up to 400,000 orders a day in less than a year, but it was not sustainable.”
Delivery Hero became market leader in Spain, Italy, Poland, and Norway
“We entered as a number two and number three, number four player in those markets. And we are now the largest.”
Östberg: Delivery Hero's $200M Gorillas loss was only 0.5% of its market cap
“Yeah, so, so, and of course, going back to this two hundred million mistake also done here that we were a thirty five billion company. So this was Back then, less than a percent. It was a half a percent of our market cap that we felt like we are willing to tak…”
Delivery Hero took years to reach per-order break-even in logistics and quick commerce
“So for example, with logistic, it took a couple of years before we were broke even per order basis in, in, in logistic, same with DMART and the whole quick commerce. It took us a couple of years to be break even per order basis, but we didn't, it was not becau…”
JOKR Raised Over $260M at a $1.2B Valuation
“Ralph has raised over two hundred and sixty million dollars for the company, most recently valuing it at 1.2 billion dollars, and prior to Joker, Ralph spent close to seven years as the founder and CEO of Food Panda, as well as enjoying roles as chief strategy…”