HungryPanda acquires Easi to strengthen Asian food delivery
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HungryPanda, the global leader in Asian food delivery, is today pleased to announce that it has acquired Australian food delivery platform EASI and New Zealand Asian food delivery platform BUY@HOME.
These two transactions will help HungryPanda improve its local operations, empower restaurants to achieve greater business success, and improve consumer experience by widening their choice of authentic Asian restaurants. Coming on the back of HungryPanda’s successful US$130m fundraising in December 2021, these transactions now position the business strongly to capture the huge overseas Asian food delivery market globally.
Founded in 2017, HungryPanda has become the largest overseas Asian food delivery platform in ten countries, including the US, UK, and Australia, operating across more than sixty cities. With these transactions HungryPanda is now the Asian food delivery leader in Australia and New Zealand, bringing the greatest choice of authentic Asian food to customers in all the major cities.
Founder and CEO of HungryPanda, Kelu Liu said: “These acquisitions are an important milestone for HungryPanda in continuing to build the leading overseas Asian food delivery platform. By combining our world-class technology and delivery network with the wider coverage of restaurants we can now offer consumers, I am hugely excited about the future potential for our business in these important markets.”
Kitty Lu, National Operations Manager at EASI, explained, “This is a strategic alliance that will increase our effectiveness and reach in a busy marketplace, both regionally and internationally. EASI has been growing nationally at a rapid pace since our launch in Australia and internationally and we are excited by the potential we can achieve working with Eric and the team at HungryPanda.”
Mr. Liu continued “Improving the local Asian food delivery service is only the first step for us. We are dedicated to introducing a complete Asian fresh food and grocery delivery service, and adding local merchants’ activities and targeted discounts for our consumers with our aim to establish a comprehensive one-stop lifestyle service for overseas Chinese and local residents who have an interest in Asian food culture.”
Questions & Answers
Q.What is HungryPanda's primary goal with these acquisitions?
What is HungryPanda's primary goal with these acquisitions?
HungryPanda aims to improve its local operations, help restaurants succeed, and enhance customer experience by offering a wider selection of authentic Asian restaurants. These transactions position the business to capture the global overseas Asian food delivery market.
Q.What new services does HungryPanda plan to introduce following these acquisitions?
What new services does HungryPanda plan to introduce following these acquisitions?
HungryPanda plans to introduce a comprehensive Asian fresh food and grocery delivery service. They also intend to add local merchant activities and targeted discounts, aiming to create a one-stop lifestyle service for consumers.
Q.What was the significance of HungryPanda's fundraising prior to these acquisitions?
What was the significance of HungryPanda's fundraising prior to these acquisitions?
HungryPanda successfully completed a US$130m fundraising round in December 2021. This substantial investment has strongly positioned the business to pursue these acquisitions and expand its global market presence.
Q.What does EASI expect to gain from this strategic alliance with HungryPanda?
What does EASI expect to gain from this strategic alliance with HungryPanda?
EASI anticipates increased effectiveness and reach within a competitive marketplace, both regionally and internationally. They are excited about the potential for growth and expanded capabilities by working with HungryPanda.
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