Image via Tech in Asia
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.
Market context: Backdrop: a 98.6 (Neutral) Talent Market Index (down 1.4 on the month) with Asia activity rising (+2.4pts).
Delivery Hero: 2 signals in the last 90 days; 0.2% of MitchelLake's Asia signal flow; 2 tracked across 13 days.
MitchelLake in this thematic
Also at Delivery Hero →
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