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Delivery Hero Says It’s Open to a Deal With Rappi or Glovo

A Rappi courier in Mexico City.

A Rappi courier in Mexico City.

Photographer: Alejandro Cegarra/Bloomberg
Updated on

Delivery Hero SE said it’s holding regular discussions with other food delivery companies about potential deals, reflecting an industrywide rush toward consolidation.

Chief Executive Officer Niklas Ostberg said he’s in constant dialog with peers, including Rappi and Glovo. “We are no longer in a position where we feel we have to do M&A, and we’d rather invest in our business,” Ostberg said in a video call Tuesday. “But of course, if good opportunities come up, then we won’t hesitate to take them.”