Foodpanda 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 …

While many on-demand food startups fail to deliver, iFood picks up $30 million to expand in Latin America

Startup food delivery businesses may have spoiled globally, but investors in Latin America think at least one startup has a fresh take on the industry. The Brazilian on-demand food delivery company, iFood has picked up $30 million in new financing to expand regionally and solidify its grip over the online food delivery markets South of the US border. While Olympic athletes are going for the gold in …