Tag: Rocket Internet

  • Foodpanda’s sister Foodora Singapore bound

    Foodpanda’s sister Foodora Singapore bound

    Foodora – an upmarket little sister of mass market food delivery monopoly Foodpanda – is destined for Singapore.

    Foodora Singapore is best described as an “upscale Foodpanda”, a high-end food delivery service targeting cashed-up Millennials who want a higher standard of meal than quick service restaurant fare and faster delivery – and who parent Rocket Internet expects are happy to pay a premium for it.

    Rocket launched Foodora in Hong Kong earlier this year and a trial continues in two suburbs with more postcodes to be added later this year.

    A quick look at the Hong Kong website shows a clear family resemblance to the Foodpanda site, just a different coloured search button and a silver service platter logo in place of the smiling panda.

    But behind the scenes it is all different, we are assured.

    Chris Parrott, marketing MD with Foodora, said in an interview with e27 about the Hong Kong site that the two brands are targeting different clientele, albeit meeting the same need: food delivered to the door as quickly as possible.

    “Foodpanda is a sister company, so there is scope for knowledge-sharing. We have different target clientele, as our minimum basket size is US$25.8 (HK$200) and Foodpanda’s is variable,” Parrott explained.

    A key difference is the delivery time: Foodora promises within 30 minutes, which seems an overly ambitious promise; Foodpanda can take an hour or more, depending on the customer’s location.

    Foodora is now active in 14 countries and early this month took over Delivery Hero which is in 34 countries. Singapore will be next, with a website page already visible announcing “Coming soon”.

    The Hong Kong business is initially being promoted through blogs, food critics and Instagram.

  • Rocket Internet promises major Asian roll out

    Rocket Internet promises major Asian roll out

    Fast-expanding German startup Rocket Internet is promising its new joint venture spinoff will launch one new company per quarter in Asia.

    Rocket has partnered with Qatari telco Ooreedo to launch an Asia-Pacific spinoff venture APACIG to launch new companies. This despite it already operating some 20 companies, including online food delivery business Foodpanda and eCommerce portal Zalora.

    The fast-paced roll-out has already begun with the launch of Vaniday, an online marketplace for beauty and wellness professionals, to Australia. Vaniday was already operating in five nations outside of Asia after first starting in Brazil.

    Vaniday will soon expand across Southeast Asia, the company said today. It’s similar to Vanitee and Lookbooker in Singapore.

    The news comes as some of Rocket Internet’s other ventures, such as Easy Taxi, are struggling badly in Asia. The ride-hailing app, which focuses on licensed city cabs rather than Uber-esque regular cars, pulled out of Hong Kong, Indonesia, and India at the end of last year and seems to be having a rough ride in other Asian markets up against fast-growing homegrown challenger GrabTaxi.

    Easy Taxi is also a part of APACIG. Other APACIG ventures include Carmudi, Lamudi, Everjobs, and Helpling.

    “We are operating in highly diverse markets – from very developed ones such as Singapore and Australia to rising stars such as Myanmar and Pakistan,” said Hanno Stegmann, CEO of APACIG, in a statement.

    “Our portfolio of companies fits the macroeconomic trends of different regions and the demand for new online businesses.”