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foodpanda, Delivery Hero announce new acquisition deals

Global online food delivery marketplaces foodpanda and Declivery Hero have announced new acquisition deals in India Mexico and South America.

Under the deals, foodpanda will acquire Delivery Hero’s TastyKhana in India, and its Mexican businesses PedidosYa, SeMeAntoja and Superantojo. Delivery Hero, on the other hand, will acquire the hellofood businesses in Argentina, Chile, Colombia, Ecuador and Peru.

The acquisitions are expected to enable both companies to optimize their international growth strategy.

TastyKhana, started in 2007, has been one of the first food delivery portals in India. Under fodpanda, it will remain an independent brand but will partner with over 10,000 restaurants in India, covering over 173 cities.

Mexican food delivery businesses PedidosYa, SeMeAntoja and Superantojo have been operating in the Mexican market since December 2012 under the hellofood brand. After the acquisitions, Mexican customers in 10 cities will have the selection from over 2,500 restaurants.

Delivery Hero acquires the hellofood businesses in Argentina, Chile, Colombia, Ecuador and Peru, and captures its market leading position in these markets, aggregating 17,500 restaurants across eleven countries in Latin America, including Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela.