FRANKFURT: Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of US-based Delivery.com as it consolidates its position in key markets while shedding assets elsewhere.
Founded in 2012, Berlin-based Foodpanda expanded rapidly worldwide through nine acquisitions fuelled by US$310mil (RM1.26bil) in capital it raised in six tranches, as online takeaway food startups enjoyed a frenzy of funding.
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