Rocket Internet’s announcement of Foodpanda’s sale yesterday certainly caught most of us by surprise. 2. It is headquartered in Berlin, Germany.. Rocket Internet, which is known to invest in internet giants with proven business models and expanding it to new, fast-growing markets, is a backer of both businesses. Foodpanda.com, a Rocket Internet-backed global, multi-location online food ordering marketplace (which operates under Hellofood brand in some markets) with operations in 40 countries including India, has acquired domestic rival TastyKhana.in from Pune-based Trinket Info Services Pvt Ltd, for an undisclosed amount. foodora was launched in Germany in October 2014, backed by Rocket Internet in April 2015 and merged with Delivery Hero in September 2015. 4. 688 crores) funding round in the online food ordering site. Comments are closed for this post. As a result, Rocket Internet, a major shareholder of foodpanda, will increase its ownership in Delivery Hero to 37.7% on a fully diluted basis post transaction. The service allows users to select from local restaurants and place orders via the website or mobile application. 3. Foodpanda is a global online food delivery marketplace. ), the world’s leading digital marketplace for takeaway food delivery, today announces that it has agreed the acquisition of four businesses from Rocket Internet and foodpanda for €125.0 million in aggregate (£94.7 million) (the “Acquisition”), to be funded from existing cash resources. The on-demand delivery service currently connects high-quality restaurants and foodies in 15 countries and is changing the way food delivery is viewed and experienced globally. It is mostly active in Asia Pacific, Bulgaria and Romania. Foodpanda will now handle delivery of … 5. Today, Rocket Internet’s FoodPanda is in eight Asian countries supported by 150 staff. Presently it is working across 5 continents and a total of 24 countries in the whole world. Foodpanda offers cuisines from more than 4000 restaurants worldwide. 5. Foodpanda, combined with Hellofood which is a food delivery site … I am not an employee of Foodpanda, neither a direct family member of a Foodpanda employee. Active in more than 500 cities and tied up with almost 40,000 restaurants all around the globe, Foodpanda has a big team of approximately 4,000 people over the world. A leading investor in startups, Rocket Internet has acquired 52 percent stake in Foodpanda by heading a EUR 104 million (about Rs. The acquisition of foodpanda will be funded through the issuance of new shares in Delivery Hero to existing foodpanda shareholders. Rocket Internet’s online food delivery service Foodpanda has launched a third party delivery service for restaurants, reports ETtech. Foodpanda (stylized as foodpanda) is a mobile food delivery marketplace owned by Berlin-based company Delivery Hero SE and operates in about 50 countries. Foodpanda started it’s journey in 2012 under the name of Rocket Internet. The service allows users to select from local restaurants and place orders via its mobile applications as well as its websites. The company sponsor is Rocket Food Limited, having its registered address at13/F 299 QRC, 287-299 Queen’s Road Central, Sheung Wan, Hong Kong (“Foodpanda”). Just Eat plc (LSE: JE. I understand that by submitting the Innovative Plan, I participate in a Competition as Acquired 52 percent stake in foodpanda by heading a EUR 104 million ( about Rs foodpanda, combined with which. 4000 restaurants worldwide across 5 continents and a total of 24 countries in whole. Service allows users to select from local restaurants and place orders via its applications... A food delivery site … 3 of new shares in delivery Hero to existing foodpanda.! 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