Tag Archives: acquisition

Foodpanda got sold to Delivery Hero

In its history this startup gathered $ 318 million, including $ 100 million from Goldman Sachs. On the other hand Delivery Hero, which bought Foodpanda shares from Rocket Internet, earned a total of $ 1.33 billion. Another consolidation on the market of on-line food ordering, during which a larger giant acquires a smaller giant. The objective? To gain exposure to Asian markets, where Foodpanda has developed widely.

The terms of the acquisition remain undisclosed. The transaction is expected to close before the end of 2016. Yet, it is known that Foodpanda will add 20 new countries in Eastern Europe, MENA and Asia to Delivery Hero’s portfolio. So far it has been processing about 2 million orders per month within 22 countries, claiming to be the market leader in 17 of them. The combined group is supposed to process over 20 million orders across 47 countries per month.

Both, Delivery Hero and Foodpanda, are headquartered in Berlin and started very much as rivals. Nowadays Europe is home to many active international firms in the online food takeaway industry. They are counting on their local bounds, established customer relations and widespread restaurant networks to eliminate new competition.

BlaBlaCar

BlaBlaCar acquired Autohop ridesharing platform

The world’s biggest ridesharing platform  BlaBlaCar has announced they acquired a Hungarian startup Autohop and, therefore, now they are present also in Hungary, Romania, Serbia and Croatia.

BlaBlaCar is present in 16 countries according to their main page country selection and based on Crunchbase data so far raised 110m usd in 2 rounds, from some of the the world A-list investors like Index Ventures, Accel Partners among others.

BlaBlaCar is headquarted in Paris and in July 2014 got the biggest investment that one French startup ever got – 100m usd. It enabled to fast open new markets or to acquire existing market leaders.

Markets like above mentioned are great because GDP is significant lower than the average EU GDP but the transportation costs are pretty much the same so we can expect further growing a ridesharing community. However, question is how much they will be able to monetize platform in those markets comparing to some wealthier markets.

We will see if some new ridesharing platforms will evolve in this market but anyway, having the biggest player in this industry present in this market can most likely mean only better conditions to travelers as community will grow more and big and safe environment is the most important factors in ridesharing platform.

Donesi.com

Foodpanda acquired leading Serbian online food delivery service Donesi.com

One of the leading global online food delivery services Foodpanda, according to Serbian startup blog Start-it, acquired leading Serbian online food service delivery company Donesi.com.

As stated on their company site, Foodpanda is present in over 35 countries in the world, and also part of the well-known Rocket Internet company from Berlin, Germany. On the other side, Donesi.com is one of the most popular Internet brands in Serbia, founded by Ivana and Vladan Zirojević, offering online food deliver service in the last 8 years and having thousands of happy customers and having cooperation with many restaurants. Donesi.com is also present in ex-Yugoslavian region with sites covering major cities in Bosnia and Herzegovina and Croatia.

Foodpanda

Foodpanda came to ex-Yugoslavian region in the beginning of 2014 (we also covered it), and as usual invested a lot in promotion, also in TV ads, during FIFA World Cup. However, it seems they realized, that it would be more useful to acquire company such as Donesi.com as Foodpanda is also present since beginning of 2014. also in Croatia.

Online food delivery market showed some very large acquisitions in recent period from different companies as it is very competitive market.

Viber

Rakuten will acquire Viber for 900m USD!

The largest Internet company in Japan Rakuten will acquire Cyprus-based company Viber for 900m USD.

Rakuten is one of the world’s largest e-commerce companies and Viber is one of the most popular free calling services in the world. Rakuten acquisition of Viber is one step closer to reaching their goal of becoming “No. 1 Internet services company”.

Rakuten is well-known for dozen of acquisitions also in Europe, like acquiring French logistic company Alpha Direct Service for enabling same day deliveries in Paris and next-day deliveries across Europe, then Spanish video streaming service Wuaki.tv.  Also invested in global Internet brands such is Pinterest (100m USD) etc.

Rakuten CEO Hiroshi Mikitani said: “I am tremendously excited to welcome Viber to the Rakuten family. Viber delivers the most consistently high quality and convenient messaging and VoIP experience available. Additionally, Viber has introduced a great sticker market and has tremendous potential as a gaming platform.”

Acqusition of Viber is one of the biggest acquisitions in the SEEMEA region.