Image via Tech in Asia
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Delivery Hero: Ma Activity
Delivery Hero is exploring a strategic sale of Woowa Brothers (Baemin operator) in South Korea after 7 years of ownership. Investment bank JPMorgan is managing the process with teaser letters sent to strategic and PE investors including Uber, Naver, Alibaba, and DoorDash. Valuation estimated at ~4.6B.
Source: Tech in Asia
The leadership read
Consolidation of this kind shifts demand toward integration and transformation leadership bench strength in the sector.
“joining forces with Uber would strengthen Delivery Hero's long-term competitiveness in a scale-driven industry”
“the transaction would build on the company's strengths in local food delivery and quick commerce while advancing its Everyday App strategy”
Market context: Backdrop: a 105.8 (Hot) Talent Market Index (down 2.4 on the month) with Asia activity steady (+0.5pts).
Delivery Hero: 3 signals in the last 90 days; 0.2% of MitchelLake's Asia signal flow; 3 tracked across 61 days.
Also at Delivery Hero →
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