Yogiyo, eBay struggling to find new owners
Posted : 2021-02-04 09:13
Updated : 2021-02-04 13:14
Scooters for delivering orders placed on Yogiyo, the No. 1 food delivery service, are parked in front of its office in Seoul last June. / Yonhap
By Kim Jae-heun
Yogiyo, operated by Delivery Hero, and eBay Korea have drawn attention since they were put up for sale early this year. They have the second largest shares of their markets and acquiring these two brands could instantly elevate buyers to the top rank or at least in a position to pose a threat to the No. 1 player in the market.
Tech moves illustrate growing strength of online delivery trend Finnish online food delivery platform Wolt has raised over $500m from global investors in news that illustrates continued growth in home delivery for food and drink products is set to be one of the biggest trends of this year.
The Helsinki-based company which delivers food from restaurants, grocery stores and other local shops to consumers, has raised $530 million in new funding.
The new funding round, led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue, takes the total amount of financing Wolt has raised to $856 million.