Deep Dive: Delivery Hero’s acquisitions in Middle East, North Africa & Turkey

Deep Dive: Delivery Hero’s acquisitions in Middle East, North Africa & Turkey

Berlin-based global food (and grocery) delivery giant Delivery Hero is one of the biggest technology companies with local operations all across the Middle East. It earned close to $800 million in revenue from the Middle East, North Africa, and Turkey in 2019 after witnessing an increase of 126 percent from the year before. This was almost half of company's total revenue from its operations across the world.

In 2020, it has brought in $725 million in the first nine months alone in spite of the challenges the company faced due to lockdowns all across the region in the second quarter – which suggests that its Middle Eastern business could very well hit the billion-dollar annual revenue mark for the first time this year.

What's even more important is that the Middle East