wordpress blog stats
Connect with us

Hi, what are you looking for?

Foodpanda delivered 7.6 million orders globally in Q2 2016

cmn-foodpanda

Rocket Internet owned Foodpanda has reported revenues of $13.15 million (€ 11.7 million) in Q2 2016, up by 64.8% year-over-year (YOY) from $7.98 million (€ 7.1 million) in Q2 2015. In H1 2015, Foodpanda’s revenues were $14.16 million, climbing 72% YOY to $24.38 million in H1 2016.

In Q2 2016, foodpanda delivered 7.6 million orders, up 66.1% YOY from 4.5 million orders in Q2 2015, whereas in H1 2016, the order number was 14.2 million, up 69.7% YOY from 8.4 million in H1 2015.

Foodpanda’s Gross Merchandise Value or GMV for Q2 2016 was $98 million, up 52.9% YOY from $64.16 million in Q2 2015. The GMV for H1 2016 was $183.25 million, up 54% YOY from $118.54 million in H1 2015. The company added in its presentation that it is that it is planning to opitmize its unit economics but did not give specifics.

Its gross profit was $7.5 million in Q2 2015, up to $12.58 million in Q2 2016. For H1 2015, the company reported $13.48 million and $23.26 million for H1 2016. EBITDA losses were at $24.38 million in Q2 2015, $16.63 million in Q2 2016, $43.93 million in H1 2015 and $31.24 million in H1 2016.

Operational data
– It currently has 10,000 delivery personnel globally.
– From H1 2015 to H1 2016, topline growth for foodpanda was 72% and HelloFresh was 159%.
– Rocket Internet’s stake in foodpanda is now (as of 30 June 2016) stable at 49.1% since at least 31 December 2015. As of 30 June 2015, Rocket had a 50% stake in foodpanda.
– Rocket Internet’s fully consolidated companies had a total of 937 employees as of 30 June 2016, of which 241 were outside Germany, while in December 2015, it had 1,496 employees, of which 639 were outside Germany.

Advertisement. Scroll to continue reading.

Rocket Internet’s expenditure
– € 12.4 million on operating expenses including legal and consultation fees (€ 6.3 million in H1 2015)
– €4.7 million on marketing (€ 15.6 million in H1 2015)
– € 4 million on rental, office and IT (€ 8 million in H1 2015)
– € 1.1 million on external services (€4.1 million in H1 2015)
– € 12.3 million on employee benefits (€ 92.6 million in H1 2015)

**

Foodpanda Hygiene rating in India

Last month, Foodpanda said it would start displaying a ‘Hygiene rating’ for all restaurants on its platform in India. The company expected the certifications to be visible on its app in the next 3-6 months. Foodpanda would also conduct audits of restaurants to check on their cleanliness, hygiene etc., assigning restaurants in 3 tiers based on these metrics.

Download: Presentation and update

Advertisement. Scroll to continue reading.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ