Rocket Internets Foodpanda expands in Southeast Europe

Monday 22 December 2014 10:04 CET | News

Foodpanda, an online food delivery service backed by ecommerce investor Rocket Internet, has acquired three companies in southeast Europe, as part of its strategy to expand worldwide.

Foodpanda has acquired, a food delivery service active in Serbia, Montenegro and Bosnia and Herzegovina, along with in Croatia and NetPincer in Hungary. It plans to continue to operate under these local brands. NetPincer was founded in 1999, Donesi in 2006 and Pauza started in 2008. Terms of the deals were not disclosed.

Foodpanda offers a variety of food from different cuisines and restaurants and allows the user to pick and order their food on the basis of several other user ratings. The service has enabled people to order from nearby locations and created new avenues for new businesses to expand and advertise their business. Foodpanda gains minimal revenue from a purchase through a small commission percentage. The company is already active across Eastern Europe, the Middle East, Asia, Africa and Latin America.

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Keywords: foodpanda, Rocket Internet, online food delivery service, ecommerce investor
Categories: Payments & Commerce
Countries: World
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