- Foodpanda confirmed its latest round of job cuts on Friday, citing the need to be “more agile.”
- “Delivery Hero confirms negotiations with several parties regarding a potential sale of its foodpanda business in selected Southeast Asia markets. Any discussions or plans are in their preliminary stages,” the firm told CNBC in an email.
- Foodpanda owner Delivery Hero also confirmed it is in discussions to sell its food delivery business in selected Southeast Asia markets.
A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company’s operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok’s famed love affair with food is spilling over to meal-delivery apps, a fledgling sector that Foodpanda projects will surge in 2018 as competition intensifies. Photographer: Brent Lewin/Bloomberg via Getty…
