Delivery CompanyDelivery Hero, the German parent company of Foodpanda, is currently in talks to sell its business in Singapore and Southeast Asia. There are reports thatmostPossible buyersbyGrab.

Grab and Foodpanda both provide meal delivery services, and these two companies are also well-known in Southeast Asia. Grab, formerly known as "GrabTaxi Holdings Pte Ltd.", is headquartered in Singapore and has operations in most parts of Southeast Asia. It provides services including ride hailing, meal delivery, hotel reservations, online banking, mobile payment, and insurance to over 187 million users in over 350 cities in 8 countries,On December 2, 2021, Grab successfully went public on NASDAQ.

Foodpanda is a food and grocery delivery platform established in 2012, headquartered in Singapore, with operations covering 12 markets in the Asia Pacific region. In 2016, it was acquired by Delivery Hero in Germany.

Earlier, the German Business Journal《Wirtschafts WocheJustReportedFoodpandaMay be soldThis news, andSpeculationGrab may become the acquiring party.AllegedlyGrab may pay over 1 billion euros tocompleteThis acquisition

According to Bloomberg News,Delivery Hero Declaration,Regarding salesThe negotiations are still in an early stage and it is uncertain whether an agreement can be reached. The report also pointed out that although the Asian business has always beenDelivery Hero is the largest source of revenue, but the company is facing challenges in maintaining growth momentum.

At present,Delivery platforms around the world are facing profit pressure, and this pressure is constantly increasing.Foodpanda's business in Singapore for the fiscal year ended 2022,loss42.7 million yuan, with a revenue of 256.7 million yuan. Therefore, they have taken measures such as employee layoffs to reduce costs.

Delivery Hero's CEO, Austberg, stated last month that the company has undergone years of large-scale investment and is now "slightly contracting" its Asian business to focus on profitability.

Foodpanda Singapore President Wen Weilun recently stated in an interview that although the company has maintained a "cautious and optimistic" attitude during a difficult year, they are still seeking to expand the size of the delivery rider team in Singapore, where the company currently has over 10000 odd jobs.

In recent months,Foodpanda has suddenly increased its expansion efforts in Southeast Asia, establishing partnerships with refrigeration companies and private car application Tada.

And listed in the United StatesGrab Holdings,As the most likely acquirer,There was no response from the mediaAsk.