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Germany-based Delivery Hero injects funds worth $235M in Gorillas

Delivery Hero, a German delivery firm, has invested $235M in Gorillas as a part of a $1B funding round. Gorillas, another German delivery startup, was founded in 2020 and saw growth due to the onset of the Covid-19 virus. Delivery Hero, the largest online food delivery firm in Europe, now owns an 8% stake in the startup. Other investors, including Coatue, DST and Dragoneer, led the funding round as well. The German startup is now at a $3.1 billion valuation following the cash injection, and its shares went up above 1%.

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