A couple things happened: delivery services were unusually popular due to lockdowns, and that ended. Couple that with the drying up of investments in 2021ish that caused shrinking valuations for everyone. And you get this transaction which itself includes a premium.
I bet these services get a lot of new users and then when the service is terrible and doesn't meet expectations they never go back. I tried them all once or twice then never again when it would regularly take 2+ hours for my food to get delivered. Never had a single good experience with a food delivery app. They actually seem to have regressed all food delivery which before this usually was managed by the restaurant with its own delivery drivers. Now no restaurants really deliver so now we're all forced to use these apps. It sucks!
