Mr Ostberg says that high labour costs have become less of a problem in Europe, because the efficiency of delivery has improved substantially in recent years. [27], In February 2018, Delivery Hero acquired deliveras.gr, a food delivery service in Greece. Copyright The Economist Newspaper Limited 2022. Frequent festivals bring gastronomic fare to life through street food and colourful markets. Non-compliance with regulatory requirements may lead to higher rider costs and possible non-compliance fines. class li series [23], On 10 December 2016, Delivery Hero acquired Singapore-based Foodpanda, a company valued at an estimated $3 billion at that time. This would entitle them to a minimum wage, sick leave and paid leave, unemployment benefits, health- and long-term-care coverage, and pension-insurance contributions. Browse the shops and stores near you offering German Food delivery. In October the firm sacked hundreds of riders who had participated in strikes, which further fuelled tensions. usually classify their workers as independent contractors and not employees. [41], In September 2014 a further $350m of investment was secured from existing partners and Swedish fund Vostok Nafta. [12], Delivery Hero then raised 25 million in new funding to finance acquisitions in four European countries: Sweden, Finland, Austria and Poland. Your browser does not support the