Malaysia-based online food delivery concept Foodpanda has bought UAE’s online food delivery company 24h.ae to capture a bigger slice of the Middle East’s food delivery market.
Foodpanda allows customers to order from retailers such as 7 eleven, TGI Friday’s and A&W. It already operates in Saudi Arabia and Jordan through its hellofood brand, which has tied up with brands like Burger King, Pizza Hut and Roma Way. Additionally, it has also focused on expanding in Europe, acquiring companies in Hungary, Croatia, Serbia, Bosnia and Herzegovina and Montenegro. That’s not all; Foodpanda has also made acquisitions in seven Asian markets, currently having operations in 40 markets worldwide.
“After consolidating our Asian leadership, we are very excited to announce the acquisition of 24h.ae in what we believe is the next high growth region in the online food delivery business,” says Ralf Wenzel, co-founder and chief executive of Foodpanda.
Having partnered with brands such as Subway, Wendy’s and Johnny Rockets, 24h.ae offers its delivery services across the UAE.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BElevate engagement, experience and profitability to unlock retail growth
Marchon Eyewear’s ZEISS wins 2024 Red Dot “Best of the Best” Awards for VisionClip
Revolutionising retail: How RetailGPT is shaping the future of shopping malls
Times Square Center: Building community through more than retail
/ 
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
/ 
The global sporting and athletic goods market grew from $165.28 billion in
The digital universe for retail is hyper-expansive and today it includes a
How advances in artificial intelligence (AI), cloud computing, robotics, 3D printing, internet
Hybrid shopping is the primary buying method for 27% of consumers, found
Regional e-commerce major noon.com has completed the acquisition of the online fashion
Online flowers and gifting destination Floward has raised $156 million in its
Online retail sales surpassed $1 trillion in 2022 for the first time
Earlier this year (in July to be specific) French brand Sandro announced
Airport retailer Dubai Duty Free’s total sales on its 39th anniversary topped
Online share in FMCG sales has been growing all over the world,
Online retailer SHEIN has adopted digital thermal transfer printing to accelerate printing
Previous Article
