Online food delivery company foodpanda has fully acquired key competitors in 7 countries, consolidating its position across Asia’s food delivery market.
Globally, the company is active in 39 countries on five continents. The new acquisitions were from India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, and Thailand.
After acquiring TastyKhana in November 2014, foodpanda also acquired Indian business of JUST EAT. With these two acquisitions, foodpanda is now present in over 200 Indian cities and partners with over 12,000 restaurants in the country.
In Malaysia, Philippines, and Singapore, foodpanda fully acquired Food Runner, which also has a franchise relationship in Indonesia. The food ordering business has been spun out of E-commerce operator DealGuru.
Singapore-based Food Runner was founded in 2012 with the support and investment from Berlin-based Rebate Networks GmbH and Singapore-based Digital Media Partners (DMP) and operates the brands Room Service in Malaysia and Singapore, as well as City Delivery in Philippines.
In Pakistan, the company acquired EatOye, which has over 1,000 partner restaurants in 15 cities.
Moreover, foodpanda Hong Kong will integrate 4 brands by acquiring Koziness.com, previously branded iDelivery, which also operates the brands Dial-a-Dinner, SOHO Delivery, and Ring-a-Dinner.
In Thailand, foodpanda partners up with Food By Phone, which despite of its “phone”-like brand name has been fast growing in its online marketplace for food deliveries.
Ralf Wenzel, Co-Founder and CEO of foodpanda group, said the combined expertise and experience of several great local companies allow the company to significantly its offering and service.