Technology investor Prosus agreed to buy Just Eat Takeaway.com for $4.29 billion, using the war chest it built by selling part of its Tencent stake to bulk up its food-delivery arm.

The deal is set to create the world’s fourth-largest player in food delivery by gross transaction value–a closely watched industry metric–after China’s Meituan and U.S. companies DoorDash and Uber Technologies’ UberEats, Amsterdam-listed Prosus said Monday.