Global online food delivery portal foodpanda has now fully acquired JUST EAT in India and other competitors in 6 different countries. JUST EAT is an online portal where you can order food online from your favourite restaurants in India.
In November 2014, foodpanda acquired TastyKhana and now to expand its Indian business they have acquired JUST EAT. With this acquisition, foodpanda will have presence in over 200 Indian cities and partners with over 12000 restaurants.
Earlier JUST EAT was launched as HungryZone in Bangalore in 2006 with just 15 restaurants on board before it acquired by JUST EAT plc in 2011.
To expand its operation in Malaysia, Indonesia, Philippines, and Singapore, foodpanda also acquired Food Runner.
In Pakistan, EatOye has been acquired by foodpanda. Similarly, in Hong Kong, it will integrate 4 brands by acquiring Koziness.com.
In Thailand, foodpanda enters into a partnership with Food By Phone.
Rocket Internet-backed, Foodpanda is globally active in 39 different countries including India, Thailand, Indonesia, Pakistan, Singapore, Malaysia, Brunei, Vietnam, Taiwan, Bangladesh, Kazakhstan, Azerbaijan, Hong Kong, Philippines, Russia, Ukraine, Hungary, Romania, Bulgaria, Georgia and Serbia.
In another acquisition, Germany based Rocket Internet AG acquired 30% stake in Delivery Hero for approximately EUR 496 million. Berlin, Germany based Delivery Hero is a leading global online food takeaway platform with more than 90,000 partner restaurants worldwide.
In India,foodpanda consolidated its market leading position by taking over JustEat’s India Operations following the integration of the former Delivery Hero Business TastyKhana In November 2014.
Foodpanda group now operates in more than 526 cities in 39 countries across 5 continents.
Ralf Wenzel, Co-Founder and CEO of foodpanda group said “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.”