Foodpanda Merges With Hungerstation, Strengthens Saudi Arabia Presence

identifying which on-line meals transport internet site to use simply were given less difficult for Saudi Arabia’s consumers. online meals delivery organisation foodpanda has merged its Saudi Arabian arm Hellofood with Hungerstation, a KSA-based totally food transport startup. In a assertion at the deal, foodpanda says that the commercial enterprise consolidation move pushes foodpanda to be a “clear marketplace leader” in the location. Foodpanda additionally introduced that with this merger, the corporation is now worthwhile in center East area, after having became a income in primary jap Europe final year. The organisation adds that each brands will retain to perform post-merger, presenting get admission to to sort of restaurants to Saudi purchasers. Ebrahim Al-Jassim, founder, , will lead the prevailing groups, even as Mehdi Oudghiri and Anass Boumediene, dealing with directors of foodpanda middle East, will oversee operations.

Commenting on the deal, Ralf Wenzel, co-founder and CEO, foodpanda, says that the agency will now enjoy the benefits of getting an experienced local group on the ground, “which knows the marketplace, constructed sturdy relationships with eating places, and constantly try to bring the most handy food delivery revel in to our clients.” Having entered middle East in 2013 below the hellofood logo, foodpanda additionally operates two different food delivery groups in the place- 24h within the UAE, and Otlob in Egypt. Al-Jassim based Hungerstation in 2012 in Dammam, KSA, as one of the first on line food ordering portals within the area. the new deal comes at a time while consolidations have become not unusual inside the food tech zone, with funding action in new startups slowing down. in line with a latest CB Insights document, international meals tech offers dropped to 27 in Q1 of 2016 from a document high of 78 in the remaining sector of 2015. united kingdom-primarily based meals delivery organization Deliveroo has emerged as an exception, elevating US$275 million in collection E financing.

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