BACKGROUNDER: foodpanda APAC
Established in 2012, foodpanda has grown to become a leading food delivery platform in Asia Pacific dedicated to bringing consumers a wide range of food, groceries and more, quickly and conveniently. foodpanda operates in more than 300 cities across 12 markets in Asia Pacific — Singapore, Hong Kong, Thailand, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia, Myanmar, and Japan. foodpanda is a fully-owned subsidiary of Delivery Hero, a global leader in the food delivery industry. foodpanda’s community of vendors, riders and consumers are at the heart of the business. Throughout the region, in cities big and small, foodpanda: ● Empower vendors, restaurants and retail vendors alike, to growing their revenue by tapping into the digital economy ● Enable riders to earn an income via the platform ● Enable consumers to conveniently and safely order a variety of food and daily essentials to be delivered quickly and conveniently to their doorsteps within 25 minutes
While focused on growing its core business in food deliveries, foodpanda invests heavily in technology to drive innovation and operational excellence. foodpanda launched its first cloud kitchen in Singapore in 2018, and have also since expanded its services to include pick-up options and on-demand retail deliveries through its q-commerce offerings.
Accelerating “q-commerce” in Asia Pacific, Powered by Technology Beyond food deliveries, foodpanda is spearheading the growth of quick-commerce (q-commerce) across the region with its network comprising thousands of retail and SME partners. In 2019, foodpanda launched its first pandaMart cloud store, which offers consumers a wide selection of daily essentials at the touch of a button.
Q-commerce is the next-generation of e-commerce - it provides ultra-fast deliveries, with delivery times as fast as 25 minutes of ordering from an affiliated store or pandaMart. With q-commerce, foodpanda is shaping the e-commerce and on-demand delivery landscape at a time where consumer preferences have shifted with a growth in the convenience economy. foodpanda is headquartered in Singapore, which is also the home of foodpanda’s regional tech hub, comprising its tech and engineering teams. In 2016, foodpanda was acquired by Delivery Hero (ETR: DHER), the world’s largest food delivery network outside of China. For more information, please visit www.foodpanda.com.