Delivery Hero has built up a position in Deliveroo of just over 5%, buying into its rival. The German company probably had to put around £400 million on the table to buy the shares. 👌🏼

In 2020, Deliveroo was able to achieve sales of £2.1 billion (previous year: £2.5 billion) and thus grew significantly. However, as an online food delivery service, it has naturally benefited from the Corona crisis. 😁

There are no profits so far. £223.7 million loss in 2020 (previous year: £317 million), so significantly better than in 2019 🤝

Yesterday, Deliveroo shares then jumped significantly - in total, the company, which only went public this year, has a market value of around EUR 7 billion. Delivery Hero, on the other hand, fell slightly yesterday and has a market capitalization of around EUR 32 billion. 😎

Both are European "giants" in their field, Delivery Hero certainly more so (they are also invested in other competitors such as Glovo, Just Eat Takeaway, Rappi and Zomato). 👌🏼

Do you think Delivery Hero is exciting? 🧐