Singapore-based Grab agrees to buy Delivery Hero's Foodpanda operations in Taiwan for $600M in cash, its first foray outside of its Southeast Asian home market
Grab Holdings Ltd. agreed to buy Delivery Hero SE's Foodpanda operations in Taiwan for $600 million, a deal that marks its first foray outside of its Southeast Asian base.
Deliveroo exits Hong Kong after tough competition from Foodpanda and Meituan's Keeta, which has expanded to Saudi Arabia, with 1M weekly users, per Sensor Tower
Bloomberg :
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
Bloomberg :
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
- Fair Trade Commission concerned deal would limit competition — Uber had sought Delivery Hero's Foodpanda unit in Taiwan
Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees
Michael Hennessey / Bloomberg :
Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025
Sarah Zheng / Bloomberg :
Measurable AI: KeeTa, Meituan's sister app, accounts for a 37% share of Hong Kong's food delivery market, after debuting in May 2023; Foodpanda leads with 42%
Sarah Zheng / Bloomberg :
Grab, Foodpanda, and Deliveroo form the Digital Platforms Industry Association in Singapore, seeking to influence gig economy guidelines
Bloomberg :
India's ride-hailing service Ola acquires FoodPanda India from Germany's Delivery Hero, and will invest $200M to take on rival UberEats, Zomato, and Swiggy
Saurabh Kochhar, former CEO of Foodpanda India has left the company and Pranay Jivrajka, founding partner at Ola has been appointed as the interim CEO of Foodpanda
Delivery Hero buys Foodpanda in sought after food delivery market
Berlin-based online food takeaway service Delivery Hero, one of Europe's biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe's s...