food delivery Archive

Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Multiple sources close to the company told TechCrunch that its business in Indonesia, the world’s fifth most populous country, is available to potential acquirers for less than $1 million — and an all-cash deal isn’t even a …