Rocket Internet-backed food delivery business Foodpanda is divesting yet more of its international holdings. Today the company announced that it would sell Russian Delivery Club, its operations in Russia, to Mail.Ru Group for $100 million. Foodpanda said the sale would help it “further focus in our core regions”, by way of investing the proceeds in its other operations. It comes… Read More http://ift.tt/2eqO9cX
Thursday 3 November 2016
Rocket Internet’s Foodpanda sells Russian takeout business to Mail.Ru for $100M
Rocket Internet-backed food delivery business Foodpanda is divesting yet more of its international holdings. Today the company announced that it would sell Russian Delivery Club, its operations in Russia, to Mail.Ru Group for $100 million. Foodpanda said the sale would help it “further focus in our core regions”, by way of investing the proceeds in its other operations. It comes… Read More http://ift.tt/2eqO9cX
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