foodpanda

Rocket Internet owned foodpanda has reported (annual report pdf) losses of € 33 million in 2015, and revenues of € 31.5 million in 2015, a jump of 373% from € 6.7 million in 2014. Here are some takeaways from foodpanda’s business:

– Rocket Internet has a 49.1% stake in foodpanda, down from 57.9% in 2014.

– It has 3,392 employees as of December 2015 and 35,000 restaurant partners worldwide.

– Foodpanda app was downloaded 15.5 million times and accounted for 53% of its 22.6 million orders in 2015.

– Automation rate increased to 80% in the year

– Restaurants which offers meals and its customers saw repeat orders.

– Foodpanda’s active user base was 4.9 million, and it partners with WeChat, Viber and Talk to push foodpanda app downloads.

– GMV increased to € 266.4 million in 2015, a 128.3% hike from € 116.7 million.

– Number of orders increased to 22.6 million in 2015, from 8.7 million in 2014, a growth of 158.6%.

– Foodpanda has cash worth € 97.9 million as of 2015.

Rocket Internet takeaways which include foodpanda:

– Rocket Internet acquired Volo in March 2015 and transferred it to foodpanda in April 2015. Volo lets users order food from restaurants which do not deliver food themselves.

–  It lost € 188,629,000 in 2015 and € 75,109,000 in 2014 from Global Fashion Group, Africa Internet Holding GMBH, foodpanda, HelloFresh and Linio; and Global Fashion Group/Bigfoot and BGN Brilliant Services GMBH in 2015 and 2014 respectively.

– Foodpanda, HelloFoof and DeliveryClub come under the subsidiary/JV Emerging Markets Online Food Delivery Holding SA, Rocket Internet.

Rocket internet business takeaways:

– Over 36,000 employees globally, across companies, APAC has 13,800 employees

– Invested in HelloFresh (stake increased from 43.3% to 56.4% and Delivery Hero (stake 37.3%)

– It acquired Just Eat in India, FoodbyPhone in Thailand, Koziness and MaiDan in Hong Kong, EatOye in Pakistan, Foodrunner in Singapore, Malaysia and the Philippines, Hungerstation in Saudi Arabia and Otlob in Egypt.

– Food and groceries generated a revenue of € 534.4 million, 225% increase over 2014

Download the report here (pdf).

Our foodpanda and Rocket Internet coverage.