Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has been looking to reduce its operations in Asia. “Due to its existing presence in Taiwan,...
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have covered Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos. According to an announcement on...
Today in food commerce, Sweetgreen launches a daily credit subscription pass, while Foodpanda calls it quits in Japan. Plus, online grocers remove key pain points to grow their audiences. Vejii Closes $6.25M Deal for B2B Plant-Based Wholesaler VEDGEco Digital vegan marketplace Vejii is acquiring B2B...
German food delivery group Delivery Hero — which is perhaps best known for its Foodpanda brand in Asia — announced it was pulling out of the region because of increasing competition and a lack of drivers to fulfill customer orders, according to a Financial Times...
July 08, 2024
Germany’s Delivery Hero says it may face a “significant” fine over alleged antitrust violations. The online delivery service warned of the potential $433 million fine in a statement on its website Sunday (July 7). The fine would be “for alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poach agreements,” Delivery Hero said. The company […]
May 14, 2024
Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has...
February 22, 2024
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have...
January 03, 2022
German food delivery group Delivery Hero — which is perhaps best known for its Foodpanda brand in Asia — announced it was pulling out of the region because of increasing...
