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Rocket Internet-backed Foodpanda acquired by Delivery Hero
short by Abhishek Bansal / on Saturday, 10 December, 2016
Online food-ordering service Delivery Hero is acquiring its competitor Foodpanda, bringing together two top food delivery startups based in Germany. Rocket Internet, a backer of both companies, said the combined business will process more than 20 million orders a month and operate in 47 countries. Delivery Hero and Foodpanda have raised more than $1.5 billion combined.
read more at Bloomberg