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Uber killer Doordash joins gorillas competitor Flink

2021-09-24T00:41:45.315Z

Bad news for Delivery Hero: The US delivery service Doordash is pumping several hundred million US dollars into the gorillas competitor Flink. Delivery hero boss Niklas Östberg is left behind.



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Photo: Michael Gstettenbauer / imago images

For weeks, the US delivery service Doordash had been negotiating with the 10-minute delivery service Gorillas from Berlin to get involved.

In the end, the deal fell through.

But Doordash is now investing in Germany: The service is pumping several hundred million dollars into the Berlin gorillas competitor Flink.

This is what insiders reported to manager magazin.

Earlier on Thursday afternoon, Bloomberg's business service reported on Doordash's entry into Flink.

According to insiders, the valuation of Flink should be at 2.1 billion dollars in the financing round.

Existing investors, including Northzone, should also invest.

The US delivery service Doordash (market value 65 billion dollars) is expanding particularly powerfully and is therefore feared everywhere.

In the United States, he defeated the delivery arm of the Uber driver service within three years.

Delivery Hero's plans failed

After some time, Doordash is looking for a place to start in Germany.

According to insiders, Doordash could start in Stuttgart or Frankfurt as early as October or November, including fast food delivery.

Insiders expect Doordash to stick to its own plans for entering the market despite joining Flink.

The entry of the US giant Doordash is bad news for Delivery Hero: CEO Niklas Östberg, who wants to join Gorillas, actually wanted to merge Gorillas and Flink.

But Doordash's entry now thwarted these plans.

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Source: spiegel

All news articles on 2021-09-24

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