Rocket Internet has sold its mobile and online food ordering portal foodpanda to rival Delivery Hero for an undisclosed sum.
Berlin-based Delivery Hero was founded in 2011 by Niklas Östberg. The company said in its announcement that the purchase would increase its stake in the global online food ordering and delivery business. With the acquisition, the combined group will now be processing over 20 million orders per month across 47 countries.
Delivery Hero will also be able consolidate its market leadership position in the Middle East and will be adding 20 new countries in…
– Go to Original Source – (link)
Powered by WPeMatico