According to reports, FoodPanda is looking to sell their business in 7 markets, including Malaysia, to Grab for nearly RM 5 billion.
The German food delivery company however stated that the deal’s value is still under negotiation. They plan to sell its activities under the FoodPanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.
Founded in 2012 and headquartered in Singapore, FoodPanda operates across 12 markets in Asia-Pacific. It was acquired by Germany’s Delivery Hero in 2016. The news comes as food delivery companies globally are facing growing pressure to turn profitable. A filing of Foodpanda’s Singapore entity shows a loss of S$42.7 million in FY2022 ended Dec 31, on the back of S$256.7 million in revenue.
In Malaysia, Delivery Hero reported a net loss of €67.9 million or about RM 339 million, based on the latest financial report for 2022 that was filed in April 2023.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Is Grab going to buy FoodPanda operations in seven markets including Malaysia?KUALA LUMPUR, Sept 21 — Delivery Hero, the parent company for FoodPanda, confirmed that they are in talks to sell some parts of their business — in particular in Malaysia and...
Leggi di più »
Grab Bakal Beli foodpanda Di 7 Negara Termasuk Malaysia? Ini Respon Delivery HeroDelivery Hero bagaimanapun menjelaskan bahawa pertimbangan pembelian untuk seluruh transaksi masih dalam perbincangan.
Leggi di più »
- Pesakit Terpaksa Beli Panadol Dari Foodpanda Lepas Tunggu Hampir 2 JamPesakit meluahkan rasa kecewa apabila dia terpaksa membeli Panadol daripada Foodpanda kerana tidak memperoleh ubat tahan sakit daripada hospital selama hampir dua jam.
Leggi di più »
German firm in talks for sale of Foodpanda in South-east AsiaBERLIN, Sept 21 — German food delivery company Delivery Hero confirmed on Wednesday it had started talks on the potential sale of its Foodpanda brand, reported German news agency...
Leggi di più »
Delivery Hero mulls sale of Foodpanda in Southeast AsiaBusiness growth in the region has stagnated since Covid-19 lockdowns eased, says the German firm.
Leggi di più »
Delivery Hero mulls sale of Foodpanda in Southeast AsiaBusiness growth in the region has stagnated since Covid-19 lockdowns eased, says the German firm.
Leggi di più »