Facts about Foodpanda
Founders: Rico Wyder and Lukas Nagel
Established in: 2012
Headquarters: Germany’s Berlin.
Foodpanda Value: $6 billion and up
$100 million has been invested in Foodpanda by Rocket Internet and other investors.
According to Statista’s analysis, Foodpanda completed over 22.6 million orders in 2015 but only got roughly 8.7 million in 2014.
Historical Data About Foodpanda
Foodpanda was started in March 2012 with the inspiration of the UBER Business Model. The service’s primary purpose is to connect riders, vendors, and customers. In Q4 2021, the foodpanda company made $11 Billion in revenue of which 68% was received from Asian Countries. By that time, the number of orders on the Foodpanda app increased year over year.
Foodpanda is an international marketplace for meal delivery services. It operates in Bulgaria, the Asia-Pacific region, and Romania. Delivery Hero SE, a German company with its headquarters in Berlin, owns the platform. Foodies can place orders for their preferred, mouthwatering delicacies from nearby eateries using the app.
In over 246 cities, Foodpanda has partnerships with more than 115,000 eateries. It has 80,000 delivery riders under its employ; Delivery Hero bought the business in December 2016. In India, the cab aggregator Ola purchased the operations of Foodpanda on September 29, 2017, for an unknown sum between $40 and $50 million.
In 2016, the corporation paid $100 million to mail.ru for the Russian division of Delivery Club. Rocket Internet, Foodpanda’s biggest investor, sold the company to German rival Delivery Hero. Foodpanda changed its name from Orange to Pink and modified its logo in 2017. Tech giant Delivery Hero then adopted the new name.
In order to boost platform traffic, the company started providing special discounts and deals; in 2018, it processed about 3 Lakh orders each day. By 2019, this figure rose to 5,000 daily orders. In 2019, Ola dismissed more than 1,500 “food delivery executives” and suspended the Foodpanda meal delivery service.
The “cloud kitchens” or “in-house brands” of the Foodpanda brand are still in operation. When the business purchased Holachef in 2018, it implemented the idea.
How does the service work?
Foodpanda is a remarkable platform that enables restaurants to provide top-notch service to a variety of clients who want their food delivered right to their front doors. The business makes money through delivery fees, and it lowers operating expenses by using these practical strategies:
- Give discounts for large orders
- Expand your network to provide food on time.
- obtaining payment before delivery
- advertising costs
- Besides food delivery, provide other types of deliveries.
By concentrating on all of the terms mentioned above, Foodpanda can achieve enormous market success. The popularity of the on-demand app is growing and it has recently attracted a lot of attention.
In order to provide a seamless delivery experience to food enthusiasts, more businesses are starting to think about investing in the on-demand solution. They are doing this by creating feature-rich foodpanda clone apps for their companies. Check out how Foodpanda functions to guarantee prompt delivery to customers’ doorsteps.
- Step 1: Foodies look through the menus of nearby eateries and order delectable foods from them.
- Step 2: Restaurants prepare food after receiving an order.
- Step 3: The prepared order is given to the delivery personnel.
- Step 4: The food is delivered to the customer’s location by the delivery service.
- Step 5: Customers complete payments in step five and offer feedback based on their experiences.