Foodpanda cements leadership in ASEAN

Global online food delivery company Foodpanda, a firm in Rocket Internet‘s portfolio, just announced the full acquisition of key competitors across seven countries in Southeast Asia, consolidating its market leadership across the Southeast Asian food delivery market.

Active in 39 countries worldwide, Foodpanda has acquired competitors in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong and Thailand.

Also Read: Lazada secures $249m funding led by Temasek

In Malaysia, the Philippines and Singapore, Foodpanda has fully acquired Food Runner, with which it had a franchise relationship in Indonesia.

Singapore-based Food Runner, founded in 2012 with investment from Berlin-based Rebate Networks GmbH and Singapore-based Digital Media Partners (DMP),  operates the brands Room Service in Malaysia and Singapore, as well as City Delivery in Philippines. The food ordering business has been spun out of e-commerce operator DealGuru.

Due to these acquisitions, Foodpanda is now the clear market leader across four key South East Asian markets. With these, they cater to customers with over 1200 partner restaurants in all major cities of Malaysia, Singapore and Philippines..

In the Thai market, Foodpanda is partnering with Food By Phone, which is rapidly growing its online marketplace for food deliveries and has been in the market since 1998. Its partner restaurants will also be available through the food panda Thailand website and mobile application.

Ralf Wenzel, co-founder and CEO of the Foodpanda Group, stated: “With the recent acquisitions Foodpanda has become 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.”

This move to cements its market position in Southeast Asia follows a series of acquisitions in Europe. With this wave of acquisitions, the Foodpanda group now possesses market leadership in Southeast Asia, next to other core markets in emerging economies such as India, Russia, Brazil and Mexico.

Related stories:

Property portal Lamudi doubles business in 1st yr

Rocket, PLDT form internet JV firm

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.