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.

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)

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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