This Is A Rival To Grab And Gojek, Foodpanda Is The Largest Delivery Application In Asia

Messaging application Foodpanda, will expand into the grocery line. (illustration: Instagram)

JAKARTA - Foodpanda from Delivery Hero SE has grown to become the largest food delivery application in Asia, excluding China. According to Jakob Angele, head of the Asia-Pacific region of Foodpanda., the company has even envisioned further expansion in areas such as groceries.

“Not only during the COVID-19 period, but also the years before the pandemic, we saw the growth rate doubling year over year,” Angele said in an interview with David Ingles of Bloomberg Television, Monday, July 5.

Singapore-based Foodpanda has established itself as a market leader in its industry based on internal and public research.

Foodpanda is now competing with competitors such as Grab Holdings Inc., Gojek, and Deliveroo Plc in the Asian food delivery market. They are benefiting because the pandemic has encouraged people to eat out less frequently.

Berlin-based Delivery Hero said in its latest quarterly update that it expects revenue to spike this year as it expands into new Asian markets and adds "black shops," or warehouses that store groceries and household goods. Its acquisitions include a controlling stake in South Korean rival Woowa Brothers Corp.

Foodpanda said in February next year it would start an online grocery delivery service called Pandamart in Japan, Myanmar, Cambodia, and Laos. This is after successfully launching it in eight Asian countries in 2020.

“The food delivery industry is still a very young industry, we see attractive investment opportunities in countries like Japan and new areas such as grocery delivery and fast trading services," Angele said.

However, until now there is no certainty whether the Foodpanda application will expand to Indonesia to compete with Grab and Gojek.