Rocket Internet-backed Delivery Hero has reportedly agreed to acquire online ordering and delivery platform Yemeksepeti for $589 million. The Turkish company processes more than 3 million orders each month and is currently available in Turkey, Greece and the Middle East, including the United Arab Emirates, Saudi Arabia and Qatar. Yemeksepeti is backed by MENA Venture Investments and Endeavor Catalyst, among others.
Rocket Internet invested €287 million in Delivery Hero in February as part of a €496 million funding. At the time, the platform's ordering capability included more than 90,000 restaurants in 24 countries, making over 12 million deliveries each month.