Business, Investments

Foodpanda Acquires Delivery Hero Backed Indian Company TastyKhana

foodGlobal online food delivery marketplaces Foodpanda and Delivery Hero on Monday announced a series of separate acquisition deals. The two have acquired companies owned by the other in India, Mexico, and five Latin American countries.

Foodpanda took over TastyKhana in India, extending its position in food delivery markets worldwide. TastyKhana will remain an independent brand. Together, Foodpanda and TastyKhana will partner with over 10,000 restaurants in India, covering over 173 cities.

Foodpanda also acquired the Mexican food delivery businesses PedidosYa, SeMeAntoja and Superantojo and targets market leadership in Mexico. The group 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.

Delivery Hero acquired the Hellofood businesses in Argentina, Chile, Colombia, Ecuador and Peru, and captured its market position in these markets, aggregating 17,500 restaurants across eleven countries in Latin America, including Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela.

Also Read: Foodpanda partners with Openrice, as a step to further enhance its business

Ralf Wenzel, Co-Founder and Managing Director of foodpanda group: “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.“

Have ideas to share? Submit a post on iamwire

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>