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Saudi food delivery company Ninja is teaming up with four major investment banks to explore a potential acquisition of Delivery Hero's key assets in the region, such as HungerStation and Talabat. This move could put them in direct competition with Uber, which is also reportedly interested.
Get ready for some exciting news from the Middle East's quick commerce scene! Saudi startup Ninja, known for its super-fast delivery, is now in the running to snap up some key assets from German giant Delivery Hero in the region. This move is a big deal, as it puts them head-to-head with other major players like Uber who are also looking to expand their footprint. Ninja is particularly interested in acquiring HungerStation, a prominent Saudi platform under Delivery Hero.
Saudi company Ninja has quickly grown from a startup to a unicorn, now valued at $1.5 billion. They're looking into a public offering, which will be a big test for the fast-delivery business model in our region.
