When German startup factory Rocket Internet moves, it moves big. And no less so is Foodpanda proving this with its most recent announcement.
Rocket Internet's food delivery company Foodpanda (also operating as Hellofood in Africa) has announced the acquisition of seven key competitors in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong and Thailand.
This increases the fat panda's presence to a total of 39 countries.
Ralf Wenzel, Co-Founder and CEO of Foodpanda group says that “With the recent acquisitions Foodpanda becomes the market ...