Foodpanda launches in Japan, escalating Uber rivalry

Photo: Livemint

Delivery Hero SE’s Foodpanda is launching operations in Japan Thursday, expanding its Asian footprint to the world’s No. 3 economy.

The company will roll out its meal delivery services in six Japanese cities in a first phase, including Kobe, Yokohama and Nagoya, Jakob Angele, Foodpanda’s Asia Pacific chief executive officer, told Bloomberg TV’s Rishaad Salamat and Juliette Saly. The firm will initially invest 20 million euros ($23.5 million) in the effort, he added.

Foodpanda’s entry will escalate competition with existing players in the market including Demae-Can Co., Uber Eats, FineDine, Maishoku, Rakuten Delivery and Amazon Japan.

Japan’s food delivery market is at a nascent stage compared with more mature markets like Hong Kong and Taiwan, according to Angele. “Therefore, we do see a very large opportunity and a very clear path for Foodpanda to become the market leader in Japan,” he added.

Established in 2012, Foodpanda now operates in more than 300 cities across the Asia Pacific, delivering meals and groceries. Berlin-based parent Delivery Hero announced in December it would take control of South Korea’s biggest food delivery app, Woowa Brothers Corp., at a $4 billion valuation.

Bloomberg

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

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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.