Prosus has sold a 5% stake in Delivery Hero to activist investment firm Sachem Head Capital Management, marking a significant shift in the ownership structure of the global food delivery group. The transaction, disclosed in May 2026, is part of Prosus’ ongoing portfolio optimisation strategy, as reported by Bloomberg and Reuters.
The deal gives activist investor Scott Ferguson’s Sachem Head a meaningful position in Delivery Hero at a time when shareholders are increasingly pushing technology and delivery firms to improve profitability and operational efficiency. Delivery Hero has faced investor pressure in recent years amid slowing growth, rising competition, and concerns over cash burn across the food delivery sector.
Prosus remains one of Delivery Hero’s largest shareholders despite the partial sale and has continued to reshape its investment portfolio following years of aggressive expansion into global technology platforms. Analysts say the transaction could increase pressure on Delivery Hero management to accelerate restructuring measures, cost reductions, and strategic refocusing.
The move comes as food delivery companies worldwide navigate a tougher investment climate after the post-pandemic slowdown in consumer demand. Market watchers note that activist investor involvement may influence future governance decisions, asset sales, or consolidation efforts within the highly competitive global delivery market.
