TechCrunch June 18, 2014
Rocket Internet-incubated foodpanda has acquired Delivery Club in a move it says will make the combined companies Russia’s leading food delivery service with over 2,500 restaurants. The value of the deal was undisclosed. Delivery Club, which will continue operating under its own brand, was founded in 2009, shortly before foodpanda, and is available in 18 Russian cities.
Foodpanda recently said that it plans to reach 50 countries by 2015, which means it has five more countries to expand into by the end of this year. Ralf Wenzel, foodpanda’s global managing director, said the company not only plans to grow by launching in new markets, but also by deepening its reach in existing ones. After Russia, foodpanda plans to focus on growing in Southeast Asian countries.
“We want to consolidate the market, grow ourselves, and keep focusing on building operational capabilities,” says Wenzel. Read More