Uber Technologies Inc. announced on April 20, 2026, that it has reached a definitive agreement to acquire an additional 4.5% stake in Delivery Hero SE for €270 million, which is approximately $318 million at current exchange rates. This transaction represents a significant deepening of the strategic relationship between the San Francisco-based mobility leader and the Berlin-headquartered delivery platform. The deal is structured as a purchase of common shares, providing Delivery Hero with a fresh infusion of capital to support its ongoing operational objectives.
The investment follows a precedent set by the two companies in 2024, when Uber acquired Delivery Hero’s Foodpanda business in Taiwan for $950 million in cash and $300 million in equity. With this latest €270 million commitment, Uber’s total ownership interest in Delivery Hero has increased, solidifying its position as a major minority shareholder. Delivery Hero currently operates in more than 70 countries across Europe, Asia, Latin America, and the Middle East, managing a portfolio of brands that includes Glovo and Foodpanda.
Uber Chief Executive Officer Dara Khosrowshahi stated that the decision to increase the company's stake reflects a long-term commitment to the European and Middle Eastern delivery markets. Khosrowshahi noted that the collaboration allows both entities to leverage their respective logistics networks to improve delivery efficiencies and expand the reach of their services. The CEO emphasized that the investment is specifically aimed at capturing growth in the quick commerce market, which focuses on the rapid delivery of groceries and household essentials through decentralized fulfillment centers.
Niklas Östberg, CEO and co-founder of Delivery Hero, confirmed that the proceeds from the share sale will be utilized to strengthen the company’s balance sheet and accelerate its transition toward sustained positive free cash flow. Delivery Hero reported a gross merchandise value of over €45 billion in its most recent annual financial statement, with significant growth attributed to its Dmarts, or delivery-only stores. Östberg stated that the partnership with Uber provides a stable financial foundation for the company to continue its focus on technological innovation and market leadership in high-growth regions.
The transaction occurs as the global food delivery industry continues to undergo a period of consolidation and regulatory adjustment. According to official filings, the deal does not currently grant Uber a seat on Delivery Hero’s supervisory board, although the companies have agreed to explore further operational synergies in logistics and supply chain management. The agreement remains subject to standard regulatory reviews by competition authorities in the European Union and other relevant jurisdictions. Both companies expect the transaction to be finalized by the end of the second quarter of 2026.