foodpanda group acquires Middle East food delivery service 24h.ae
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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.
Questions & Answers
Q.Which specific countries does foodpanda now operate in within the Middle East after this acquisition?
Which specific countries does foodpanda now operate in within the Middle East after this acquisition?
Following the acquisition of 24h.ae, foodpanda operates in the United Arab Emirates. It was already active in Saudi Arabia and Jordan with its hellofood.sa and hellofood.jo brands.
Q.What is the primary reason foodpanda group acquired 24h.ae?
What is the primary reason foodpanda group acquired 24h.ae?
foodpanda acquired 24h.ae as part of its strategy to target the Middle East. The company sees this region as the next high-growth market in the food delivery sector.
Q.How many cities does 24h.ae currently deliver food to in the UAE?
How many cities does 24h.ae currently deliver food to in the UAE?
24h.ae delivers food in seven cities across the United Arab Emirates. These locations include Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, Fujairah, and Ras Al Khaima.
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