SEOUL/FRANKFURT, Germany -- Multinational meal-ordering service Delivery Hero seeks a bigger portion of Southeast Asia's market with its planned acquisition of South Korean peer Woowa Brothers, intensifying a battle with rivals such as Grab and Gojek over the fast-growing region.
Asia's food delivery market remains in its infancy, and the region's big population offers room for growth, CEO Niklas Ostberg said, as the Berlin-based company plans to spend more than double its 2019 revenue in a $4 billion deal for Woowa.
