Rocket Internet’s Foodpanda gets really hungry, gobbles up 6 startup rivals in acquisitions spree

Foodpanda, the online meals delivery service, revealed today that it has snapped up six rival sites across seven countries in a huge acquisitions spree. It comes hours after Rocket Internet announced the launch of its newest specialist subsidiary, the Global Online Takeaway Group.
This must be how Foodpanda is spending its most recent US$60 million in funding.
“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.
No financial details have been revealed for the acquisitions. Here’s all of them:
- 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.
See: This 22-year-old hustler wants to build Asia’s first wireless charging network
Editing by Mary-Anne Lee; image from Wikimedia
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.





