Rival food delivery apps, Foodpanda – which is backed by Rocket Internet – and Delivery Hero, have completed a series of deals to acquire companies from each other in India, Mexico and South America.
Foodpanda has bought TastyKhana, a food delivery portal in India which has partnered with 10,000 restaurants in 173 cities from Delivery Hero. It also acquired Mexican companies, PedidosYa, SeMeAntoja and Superantojo, from its rival.
Delivery Hero has snapped up businesses in Argentina, Colombia, Chile, Ecuador and Peru from Hellofood, a Foodpanda brand. The specific terms of the deals haven’t been revealed. Hellofood made a series of acquisitions in Latin America this summer.
Ralf Wenzel, co-founder and Managing Director of Foodpanda, says the acquisitions will allow it to expand its efforts in India and strengthen its market in Mexico. Meanwhile Niklas Östberg, Delivery Hero’s CEO, says the deals allow it to focus on further grown in Latin America.
➤Foodpanda and Delivery Hero close multiple acquisition deals (Foodpanda)
Image credit: Shutterstock
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