Food
Targeting the Middle East as next high growth market in the food delivery sector, online food delivery company foodpanda acquired 24h.ae, a food business delivery in the United Arab Emirates.
Founded in 2011, 24h.ae delivers food in seven cities: Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, Fujairah and Ras Al Khaima. It has 700 restaurant partners, including major brands like Subway, Wendy’s , Domino’s, Johnny Rockets, and Pizza Express.
foodpanda is already active in Saudi Arabia and Jordan with its hellofood.sa and hellofood.jo brands, respectively.
Ralf Wenzel, Co-Founder and CEO of foodpanda group, said that combined with its existing hellofood business in Saudi Arabia and Jordan, they would be able to offer the best food ordering experience in the Middle East.“
The foodpanda group also recently announced acquisitions in Southeast Asian and Asian markets.
