Delivery Hero

Nevzat Aydın, the co-founder and CEO of Turkish online food delivery application Yemeksepeti, announced yesterday that he is stepping down after staying at the helm of the company for two decades.

"It's now time to leave my post as CEO at Yemeksepeti to a young and new viewpoint," he said on Twitter, adding that he will spend more time with his family and focus on philanthropy.

The Turkish Competition Authority has concluded a preliminary inquiry into practices of 32 prominent firms, mostly operating in delivery and food sectors, that allegedly act together to keep wages lower, according to a statement released on April 19.

German firm Delivery Hero on Monday purchased 100 percent of Greek food delivery platform Deliveras.gr, the former announced upon publishing its 2017 financial results.

This is the third such website that the German company has acquired in Greece, following e-food.gr and clickdelivery.gr.

German food delivery firm Delivery Hero, which also owns Turkey's leading food ordering giant Yemeksepeti, successfully dipped its first toe into the Frankfurt stock market on June 30, in an initial public offering highly anticipated by investors.

The sale of a company is usually bad news for its employees, but that wasn't the case for Yemeksepeti.com, the leading Turkish firm in online food ordering, as more than 100 of its employees were given bonuses totaling $27 million following the company's sale last May for $589 million, the firm's CEO, Nevzat Ayd?n, has said.

Yemeksepeti, Turkey's first and biggest online food ordering and delivery portal, has announced it is launching investment in Bulgaria and Romania, dailysabah.com reported on Tuesday.

Delivery Hero, in which German e-commerce investor Rocket Internet holds a 39 percent stake, has acquired Greece?s top takeaway delivery company, e-Food, Rocket said, without giving financial details.

[Reuters]

Delivery Hero, the Germany-based online food ordering giant, has acquired Turkey?s Yemeksepeti, the leading local firm in the business, for $589 million, the companies announced on May 5. 

Yemeksepeti CEO Nevzat Ayd?n told Hürriyet that he will remain in his post as he will also be part of the management team of Delivery Hero.