It’s official! Uber is now Delivery Hero’s long-term shareholder!
In business conversations, shareholders are people, companies, or institutions owning at least a piece of share of a company’s stock, making them part-owners. They receive a portion of the profits, usually through dividends or increased stock value. And, they also have a say and voting rights on company matters.
These shareholders are vital for financial, providing capital while holding limited debts liabilities.
For you to understand better, for instance, you’ve availed of an insurance policy. Most insurance companies and providers offer you the opportunity to become a shareholder of the biggest companies in the country where the insurance provider is based, which makes you a part-owner of the company. When the company profits, your insurance policy also profits.
Meanwhile, long-term shareholders are entities that hold company stock for an extended period, usually five years or more, focusing on compounding returns and company growth rather than short-term price fluctuations.
On Friday, Uber acquired an additional 13,582,342 shares of Delivery Hero from Prosus. This represents around 4.5 percent of the issued capital of Delivery Hero.
The two companies are celebrating this landmark deal.
“We welcome Uber’s additional investment in Delivery Hero. As a global tech leader, Uber’s increased position is a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value for all shareholders,” stated Niklas Östberg, the chief executive officer and the co-founder of Delivery Hero.
This is also saying that a partnership and deal have been forged between those two companies, since Delivery Hero has its own set of subsidiaries.
Delivery Hero is headquartered in Germany, but it operates in around 65 countries in Asia, Europe, the Middle East, Africa, and Latin America.
It was in 2011 when Delivery Hero started as a food delivery service. Today, it manages its own delivery platform on four continents.
In addition, Delivery Hero also pioneers quick commerce, the next generation of eCommerce, aiming to bring groceries and household goods to consumers within under an hour and often in until 30 minutes.
Meanwhile, Uber operates as a digital platform connecting riders with drivers through a mobile app. You create an account, enter their destination, and request a ride. The app calculates an estimated fare based on distance, time, and demand, then matches the rider with a nearby driver using GPS technology. Drivers accept your requests and navigate to the pickup location using in-app directions.
Once the ride begins, the app tracks the trip in real time and processes payment automatically through stored methods such as cards or digital wallets. Pricing may fluctuate due to surge pricing during high-demand periods. Uber also offers additional services, such as food delivery, package delivery, and shared rides, in some locations. After each trip, both rider and driver rate each other, helping maintain service quality and accountability within the app’s ecosystem. For more ridesharing news, keep it locked right here on Ridesharing Forum.