Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
Asian food delivery startups are gobbling each other up
Food delivery start-up Foodpanda has just made its ninth acquisition, picking up Singapore-Dine for an undisclosed sum. This is the latest in a string of mergers in this space
According to the Straits Times the purchase adds Singapore eateries Tony Roma's, Subway, 4Fingers and California Pizza Kitchen to its list of about 500 restaurants.
Food delivery platforms have been gaining popularity in Asia for some time, offering both convenience for consumers and cost savings for restaurants who want to avoid the painful overheads associated with food delivery.
With nine acquisitions under its belt, Rocket Internet-backed Food Panda is certainly becoming an apex predator in the space. In Asia it now covers all of Southeast Asia, South Asia, Hong Kong and Taiwan.
But its not the only one gobbling up competition in the region.
Over the past 18-months we have seen Singapore's Food Runner swallow down Philippine start-up City Delivery and Hong Kong's Koziness Concepts - previously iDelivery - buy Dial-a-Dinner and Soho Delivery.
Its not just food delivery sites angling for a top spot in the space, either. In India ride sharing app Ola has launched Ola Cafe while Zomato - the fast growing restaurant discovery site that recently bought US rival Urbanspoon - is expanding into food delivery too.
Dubbed by TechCrunch as an "Uber for Food", India-based Zomato has eight acquisitions to its name and it could soon show FoodPanda that its not the only big fish in sea.