FoodPanda Acquites TastyKhana

Rocket Internet backed FoodPanda has acquired Delivery Hero-backed online food ordering service TastyKhana for an undisclosed amount on Monday.

FoodPanda also acquired Delivery Hero’s Mexican business of PedidosYa, SeMeAntoja and Superantojo while Delivery Hero has acquired FoodPanda’s affliate brand Hellofood in Argentina, Chile, Colombia, Ecuador and Peru.

FoodPanda also announced that TastyKhana will remain an independent brand and both together will have tie-ups with over 10,000 restaurants across 173 cities in India.

Pune based food ordering portal TastyKhana was launched in 2007 and had received $5 million investment from Delivery Hero in June last year. It currently has tie-ups with more than 9,000 restaurants across cities like Pune, Mumbai, Bangalore, Gurgaon, Delhi, Noida, and Faridabad among others.

Foodpanda is backed by Berlin-based Rocket Internet, an e-commerce-focused venture capital firm and start-up incubator and currently operates in Latin America, Africa and the Middle East under the hellofood brand and as Foodpanda in Asia, Eastern Europe and some Commonwealth of Independent States countries.

You May Also Like

Now Indians Can Form One Person Company

Good news for entrepreneurs, now you can form One Person Company (OPC)…
Mukesh Ambani

Silver Lake invests in Jio Platforms

Reliance Industries Limited and Jio Platforms Limited announced today that Silver Lake…
Milk Mantra Raises Rs. 80 Crore In Series C Funding

Odisha Based Milk Mantra Raises Rs. 80 Crore In Series C Funding

Odisha based diary food startup Milk Mantra Dairy Pvt. Ltd. has raised… Raises $30 Million Series E Funding From Tiger Global

Bangalore bases real estate and apartment management portal has raised $30…