Foodpanda acquires Delivery Club

Posted Jun 18, 2014

Foodpanda has acquired Delivery Club, which will make the combined companies Russia’s leading food delivery service with over 2,500 restaurants and 18 Russian cities. Delivery Club will continue operating under its own brand. The value of the deal was undisclosed.

Foodpanda raised a total of $48 million from investors like Investment AB Kinnevik, Phenomen Ventures, iMENA Holdings, and Rocket Internet.

Foodpanda competes against Delivery Hero and Just Eat. Foodpanda is focusing on emerging markets in Eastern Europe, Asia, Latin America, and Africa.

[Source: TC]