Based in Berlin, Delivery Hero acquired rival Foodpanda at the end of last year, adding 20 countries to its service area; the company now operates in 47 nations, mostly in Europe and Asia. If Delivery Hero does move forward with an IPO, it would likely use the capital to make further acquisitions to ward off competition from players like UberEATS, per Reuters.
The meal delivery space appears to be ripe for public offerings. Last month, Blue Apron and Sun Basket both began prepping for IPOs of their own.
Learn more about Delivery Hero in its free profile and read more meal-delivery coverage here.