Startups

Foodpanda diversifies and expands into 7 more cities

Foodpanda is expanding its food delivery services to restaurants across major cities including Delhi, Mumbai, Gurgaon, Hyderabad, Mumbai, Pune and Bangalore.

The brand, which launched its delivery arm early 2015, will now be working as third party logistics partner to its restaurant base after running the pilot phase for three months.

Over the last two years, the company claims it has partnered with thousands of restaurants to deliver through foodpanda delivery services, fulfilling over 45% of the gross orders through the delivery fleet.

The product will have two offerings to partner restaurants- A fully integrated solution where in all orders would be fulfilled by the brand’s delivery riders and the other one where restaurants can take up customised service on a need to need basis.

In the initial phase of the program, the brand has on boarded more than 500 partner restaurants and the number is expected to reach around 1500 in the next three months. The restaurants would be charged on a per order basis.

Zomato and Swiggy have been leading the sector. Recently, it was also reported that Zomato is close to acquiring Bangalore-based last-mile delivery startup Runnr in an all-stock deal. The deal values Zomato at $800 million and pegs Runnr’s enterprise value at $40 million.

Besides, San Francisco-based cab aggregator Uber also launched its on-demand food delivery app UberEATS. Its services are currently available in Mumbai with plans to launch in six cities by the end of this year.

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