60% of Delivery Hero's EBITDA sits in MENA. A Saudi quick-commerce startup just put a price tag on the biggest piece of it.
That is why a sidebar bid moved the whole deal.
The headline
On June 8, 2026, the Financial Times reported that Ninja, a Saudi quick-commerce startup founded in 2022, is weighing a bid for parts of Delivery Hero's Middle East book. HungerStation is first in line.
Ninja's founder also founded HungerStation. He is, in effect, trying to buy his old company back.
