Foody, the Cypriot startup announced today that it has reached an agreement to be acquired by the Delivery Hero Group, one of the Global Leaders in the online food ordering and marketplace industry.
By joining the Group, Foody has become part of a global family of brands with presence in 39 countries around the world, including e-food, clickdelivery and deliveras in Greece.
Argyris Argyrou, CEO and Founder of Foody, stated:
“Everybody in the Foody team is very excited about joining Delivery Hero. Becoming part of one of the strongest teams in the world is fascinating and a great opportunity for our team to learn from their knowledge and experience and create an even better Foody.
I would like to thank each and every one of our Customers and Restaurants for their overwhelming support in the last four years, and promise that we will continue working to make the next four years even better”.
The founders will continue in their leadership roles and alongside the team of more than 40 people will continue to operate the business on a day-to-day.
Through the new relationship with Delivery Hero, Foody expects to gain access to the extraordinary experience of the Group, in depth expertise, and state of the art technology and processes that are used in other countries.
This access and knowledge sharing combined with continued investment will help the team to continue its exciting journey and grow at an accelerated pace while continuing to build a stronger and bigger Foody that can serve its customers and partners even better.