Ron Burgundy Posted March 18, 2016 Share Posted March 18, 2016 By Eric Auchard FRANKFURT (Reuters) - Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of U.S.-based Delivery.com as it consolidates its position in key markets while shedding assets elsewhere. Founded in 2012, Berlin-based Foodpanda expanded rapidly worldwide through nine acquisitions fueled by $310 million in capital it raised in six tranches, as online takeaway food startups enjoyed a frenzy of funding. The merger of Foodpanda with Delivery.com, which focused from the start on takeaway food delivery for office workers, promises to beef up Foodpanda's corporate business. View the full article Quote Link to comment Share on other sites More sharing options...
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