Malaysia’s Foodpanda acquires UAE’s 24h.ae


February 12, 2015 | By RetailME Bureau

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.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /


Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau
Koita

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair




Download Images RetailME Magazine