foodpanda inks multiple acquisition deals

The deals are in India, Mexico and South America.

Singapore-based food delivery marketplace foodpanda yesterday revealed a series of acquisition deals.
foodpanda has taken over TastyKhana in India, extending its leading position in one of the biggest food delivery markets worldwide. TastyKhana, started in 2007, has been one of the first food delivery portals in India.
TastyKhana will remain an independent brand. Together, foodpanda and TastyKhana will partner with over 10,000 restaurants in India, covering over 173 cities.

foodpanda has also acquired the Mexican food delivery businesses PedidosYa, SeMeAntoja and Superantojo and targets market leadership in Mexico. The group has been has been operating in the Mexican market since December 2012 under the hellofood brand. After the acquisitions, Mexican customers in 10 cities will have the selection from over 2,500 restaurants.

“The acquisitions allow us to extend our market leadership in India and improve our strong position in Mexico. Combined with our efforts in other important markets such as Russia, Brazil and South East Asia, where we already gained a leading position, we are best positioned to accelerate growth and become the ‘Amazon’ of food ordering in emerging markets,“ said Ralf Wenzel, Co-Founder and Managing Director of foodpanda group.

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