?Delivery Hero raises 387 million euros from Naspers

Online food takeaway firm Delivery Hero, one of Europe's biggest start-ups, has raised 387 million euros ($423 million) by issuing new shares to South African media and e-commerce firm Naspers, shareholder Rocket Internet reported.

The share issue means Rocket's stake will be diluted to 33% from just under 38%. Rocket said the valuation was in line with previous valuation rounds, without specifying further.

Berlin-based Delivery Hero, had said last month it could consider an initial public offering (IPO) to raise capital to bulk up and face competition from the likes of Uber.