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Corporation
INTERNET | eCommerce / Food & Grocery
foodpanda.com

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Founded Year

2012

Stage

Acquired | Acquired

Total Raised

$310M

About foodpanda

foodpanda, together with its affiliated brand hellofood, is a group of online food ordering platforms active in 28 countries. It helps restaurants to increase sales through online and mobile platforms and provides them with constantly evolving technology and analytics. For consumers, foodpanda group offers a marketplace with the widest gastronomic range from which customers can choose, both on the online platform or via foodpanda's mobile app.

foodpanda Headquarter Location

Oranienburger Strasse 70

Berlin, 10117,

Germany

Latest foodpanda News

Foodpanda fined NT$2 million for alleged anti-competitive practices

Sep 17, 2021

Intellasia East Asia News 18-Sep-2021 Intellasia | FocusTaiwan | 5:02 AM The online food delivery platform foodpanda has been fined NT$2 million (US$72,150) in Taiwan for allegedly imposing inappropriate restrictions on affiliated restaurants and hurting fair market competition, the country’s Fair Trade Commission (FTC) said Friday. The FTC said it issued the NT$2 million fine after it found that foodpanda was forcing its affiliated restaurants and eateries to list the same prices in their physical stores as on the foodpanda online platform, which was a violation of the Fair Trade Act. Dine-in patrons should not have to pay the same as customers ordering online, as food deliveries carry a commission fee, the FTC said. In addition, foodpanda also violated the law by making it an option for people who wish to order take-out meals from its partner restaurants to do so via its platform, although such customers have to pick up the food themselves at the eateries, the FTC added. The customers who order take-out meals via foodpanda are mostly long-time patrons of the restaurants, and they should be able to order directly from the eateries, if they wished, the FTC said. If restaurants are forced to channel their take-out orders through foodpanda, not only will they be limited in terms of reaching new customers, they will also be competing with themselves on the platform, the FTC said. Moreover, when customers order take-out meals via foodpanda, the restaurant still has to pay a commission to the company, the FTC said, adding that many restaurants have already lost their dine-in patrons to delivery service platforms. Foodpanda, meanwhile, can use its commission fees to offer discounts or special deals to its customers, which would constitute a restriction of competition, the FTC said. The FTC issued a warning to foodpanda, and also to another online food delivery platform Uber Eats, saying they should refrain from hurting fair competition in the market, as they had been doing by offering discounted commission fees to lure more restaurants into signing exclusive partnership deals with them. In response, foodpanda said Friday that it has not yet received any formal notification of the fine and had no idea why it was issued. It said when it is notified, it will consider whether to file an administrative appeal against the FTC’s decision.

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Research containing foodpanda

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned foodpanda in 1 CB Insights research brief, most recently on Jun 9, 2021.

Expert Collections containing foodpanda

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

foodpanda is included in 3 Expert Collections, including On-Demand.

O

On-Demand

1,283 items

P

Portfolio Company Matchmaking M&A

389 items

Companies that have raised since 2009 that were acquired by one of their investors other portfolio companies

F

Food & Beverage Delivery (Grocery & Meal)

1,353 items

Startups and tech companies offering online grocery, food, beverage, and meal delivery services.

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