Delivery Hero aims to multiply revenue this year

The food delivery company massively increased its orders in the first quarter. The start-up took in more than one billion euros in the first three months.

Delivery Hero aims to generate more than 6 billion euros by the end of 2021. This would more than double the 2020 revenue (2.8 billion euros). In the first quarter of the year, Delivery Hero reported that it generated more than 1.4 billion euros, a growth of 116% compared to the same period last year. The number of orders has also increased. In the first three months, the food delivery company received 662.8 million. The German start-up's largest market is Asia, followed by the Middle East and North Africa.

"After welcoming Woowa to the Delivery Hero family in March, the group celebrated the milestone of processing a record average of 100 orders per second in a single day in April," says CEO Niklas Östberg. "Looking ahead, there are many industry trends that offer ample growth opportunities for our company, such as the ever-evolving customer demand for convenience and speed."

The food delivery company also plans to expand further this year. In the coming months, for example, Woowa and Delivery Hero are due to merge in Japan and food will be delivered under the name "Foodpanda" in future.