Delivery Hero is one of the largest food delivery player of Europe and the Berlin based company has been preparing for its IPO.
From what seems to be a pre-IPO round, Naspers, South African media and tech giant just invested a whopping €387Million or $421.3 Million at a valuation of $3.1 billion.
The company processed 171 million orders in 2016, up 65% from the previous year, according to a statement.
Over 150,000 restaurants use the delivery service, which has previously raised money from investors including Rocket Internet, the controversial German startup incubator, Insight Venture Partners, General Atlantic, and several undisclosed US-based fund managers.
The new funding brings Delivery Hero’s total capital raised to at least $1.4 billion.
Delivery Hero competes with likes of Dliveroo, Amazon and Uber Eat.