Hungry Foodpanda eats up rivals
Online food delivery service Foodpanda.com has gobbled up six rival services across Asia.
The Rocket Internet subsidiary recently secured US$60 million in a capital funding round and his wasted little time investing in rivals to boost its market share.
The businesses bought, with business descriptions provided by TechInAsia.com, are:
- Just Eat in India – This deal pertains only to the Indian segment of UK-based Just Eat. Along with Foodpanda’s recent TastyKhana buy-up, Foodpanda now claims to cover over 200 Indian cities and 12,000 restaurants. This gives the Rocket company a strong hold of the Indian market.
- EatOye in Pakistan – This startup came into life this time last year. It covers 1,000 partner restaurants in 15 cities.
- Food Runner in Malaysia and Singapore – This is the food delivery subsidiary of Singapore-based DealGuru. The acquisition also includes sister site Room Service.
- City Delivery in the Philippines – This is also a spin-off from DealGuru, so it’s technically the same deal that snapped up the above two sites.
- Koziness in Hong Kong – Foodpanda’s Hong Kong deal means it runs not only Koziness but also the related sites Dial-a-Dinner, SOHO Delivery, and Ring-a-Dinner.
- Food By Phone in Thailand – This started out in 1998 for phone-based orders, but later opened up on the web as well. It covers over 650 restaurants in three of Thailand’s biggest cities.
“With the recent acquisitions Foodpanda becomes the market leader across Southeast Asia,” said Ralf Wenzel, co-founder and CEO of Foodpanda in an announcement this afternoon.