Foodpanda acquires City Delivery
Foodpanda, a popular online food delivery platform, has announced its acquisition of competitors in 7 Asian markets, including City Delivery, a multi-establishment delivery service in the Philippines.
foodpanda is operating in 39 countries on five continents. To expand its leadership, it has acquired competitors in India, Malaysia, Singapore, Pakistan, Hong Kong, Thailand, and the Philippines.
In the Philippines, foodpanda was able to acquire City Delivery by acquiring Food Runner. Food Runner acquired City Delivery in February 2014. Other companies that foodpanda recently acquired are JUST EAT in India, Room Service (a brand of Food Runner) in Malaysia and Singapore, EatOye in Pakistan, Koziness in Hong Kong, and Food By Phone in Thailand.
“With the recent acquisitions foodpanda becomes the market leader across South East Asia. The combined expertise and experience of several great local companies allow us to significantly improve our offering and service to our customers,” said Ralf Wenzel, Co-Founder and CEO of foodpanda group.
“We are very happy to announce this acquisition. Being in the market since 2014, we will continue to invest in customer service, getting more restaurants on board and also providing the best delivery service for our customers”, added Mauro Cocchieri, CEO of foodpanda Philippines.
foodpanda launched in the Philippines in June 2014. It is part of the Rocket Internet group, one of the world’s largest e-commerce focused venture capital firm and the organization behind Lazada and Zalora. foodpanda partners with over 500 restaurants in Metro Manila, Cebu and Davao. The service will also launch in Cavite, Laguna, Rizal, Baguio and Pampanga before the end of 2015.
UPDATE: (Feb. 11, 2015, 2:20pm) Article is updated with statement from Mauro Cocchieri, CEO of foodpanda Philippines, as well as additional information about foodpanda Philippines.