Delivery Hero has confirmed that Uber has increased its shareholding in the company to 19.5%, along with an additional 5.6% held in options.

In a brief statement, Delivery Hero said it welcomes Uber’s additional investment as a “further endorsement of its platform and Everyday App strategy”.

The statement added: “The company remains focused on driving operational performance and executing on the strategic review to deliver long-term value for all shareholders.”

According to a Reuters report, the deal makes Uber the largest shareholder in the Germany-based food-delivery company.

The move follows an agreement by Dutch investment company Prosus last month to divest a 4.5% stake in Delivery Hero to Uber for €270m ($317.5m).

As part of that transaction, Prosus agreed to sell 13.58 million ordinary shares in Delivery Hero to comply with commitments given to the European Commission (EC) in relation to its acquisition of Just Eat Takeaway.com.

The EC approved that deal in August 2025 on the basis that Prosus would significantly cut its interest in Delivery Hero to address competition concerns in the online food delivery sector.

The food delivery platform currently operates in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa.

Earlier this month, Delivery Hero co-founder and CEO Niklas Östberg also announced his decision to step down. According to the company, Östberg will transfer leadership of the group by 31 March 2027.

The company's supervisory board aims to find Östberg's successor by the end of this year.