Here at Ouroboros Group we believe a self-referential vortex of strange
loops is the key to exceptional market depravity and thus dream demon
returns at rates essentially double those of typical simple ouroboros
techniques and paradigms.*
Delivery Hero is one of only two of Rocket Internet's stable of clones that I could name (Zalando being the other). RKET itself was delisted after a going-private deal at €18.57, down considerably from its IPO price of €42.
From PYMNTS:
Previously:German food delivery platform Delivery Hero is launching its own early-stage venture capital (VC) firm — DX Ventures — that will be managed independently to focus on advancing founder-led startups.
“Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey,” Duncan McIntyre, managing director of DX Ventures, said in a Tuesday (Jan. 12) press release. “We understand the opportunities and challenges these startups are facing because we have gone through them ourselves.”
Aside from delivering restaurant food and groceries, the Berlin-headquartered company has made it part of its strategy to invest in top technology startups and “guide them on their path to lasting success,” McIntyre said.
DX Ventures will strive to combine global insights and local know-how to help startups grow, while also developing long-term partnerships with founders. The company intends to extend technical support and guidance throughout a startup’s lifecycle and is especially interested in assisting founders bent on disrupting traditional industries.
The early-stage VC firm has 50 million euros of initial capital and is planning to target worldwide startups in on-demand services, food technology, sustainable innovation, artificial intelligence, FinTech and logistics.
The company has extended more than 500 million euros in minority investments that include globally successful startups Rappi, Glovo and Impossible Foods....MORE
Berlin's Delivery Hero set to Come Public
Hey, One of Rocket Internet's 'Proven Winners' May be Coming Public (RKET.GR)
*intro last seen in 2018's "Unicorns Backing Their Own VCs? Welcome to Peak Tech"
