(5 July): Foodpanda, a subsidiary of Delivery Hero SE, has evolved to become Asia’s largest food-delivery app, excluding China, and plans to expand into other areas such as groceries, according to Jakob Angele, the company’s Asia-Pacific regional head. “We observed year-after-year doubling growth rates not only during the Covid time, but even years before Covid,” Angele said in an interview with Bloomberg Television’s David Ingles, Yvonne Man, and Rishaad Salamat on Monday. According to him, foodpanda, based in Singapore, has taken the top rank based on both internal and publicly available research.
In an Asian food-delivery business that is benefiting from the pandemic, foodpanda competes with rivals such as Grab Holdings Inc., Gojek, and Deliveroo Plc. In its most recent quarterly update, Berlin-based Delivery Hero said it expected revenue to increase this year as it grows into new Asian regions and adds “dark stores,” or warehouses that contain groceries and household goods. Among its acquisitions is a controlling share in Woowa Brothers Corp., a South Korean competitor.
foodpanda announced in February that it will introduce Pandamart, an online grocery delivery service, in Japan, Myanmar, Cambodia, and Laos this year, following its launch in eight Asian countries in 2020.
“The meal delivery sector is still in its infancy,” Angele explained. He said, “We see great investment prospects” in nations like Japan, as well as new areas like food delivery and quick-commerce services./n
