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Delivery Hero To Buy Hugo's Food Delivery & Quick Commerce Business In Central America & Caribbean

Delivery Hero SE said that it has reached an agreement with hugo to acquire the multi-category marketplace's core food delivery and quick commerce business in Central America and the Caribbean.

Founded in 2017, hugo is currently active in over 40 cities across six countries: Guatemala, El Salvador, Honduras, Nicaragua, the Dominican Republic and Jamaica. It has more than 800 employees and 1.3 million registered users.

hugo offers multi-category marketplace services for food delivery, grocery delivery, pharmacy delivery and e-commerce, as well as on-demand and financial services.

The transaction is expected to close in the first-quarter 2022 and subject to relevant regulatory approvals.

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