Despite rumors, Delivery Hero has confirmed that discussions about selling its Foodpanda Southeast Asia division are not just alive—they’re progressing.
- Potential Buyers: Grab, the Southeast Asian superapp, is reportedly showing keen interest in purchasing Foodpanda. Other names like the Chinese Meituan have made the rounds, but they’ve officially stepped back from these claims.
- Strategic Shifts: It’s not simply a transfer of digital real estate. Delivery Hero seeks to hand over the reins of Foodpanda in seven key markets: Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar, and Laos.
- Approval Required: Even if they manage to cross the T’s on a sales agreement, there’s a bureaucratic marathon to run—one involving the Delivery Hero’s Supervisory Board and regulatory approvals from the markets involved.
Amidst sale negotiations, Foodpanda is also slimming down its workforce, which might be indicative of its preparation for a more streamlined operation post-sale.
