UK’s HungryPanda acquires Asian food delivery platform Easi
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
London-headquartered HungryPanda announced it has acquired Melbourne-based, Asia-focused food delivery business Easi and BUY@HOME in New Zealand, part of a move to explore further opportunities in grocery delivery and lifestyle.
Founded in 2017, HungryPanda already has a presence in ten countries, including the US, UK and Australia, operating across more than sixty cities.
The company did not disclose the financial terms of the deals in the announcement, but said they are now the “Asian food delivery leader in Australia and New Zealand” as a result. The acquisitions also come on the back of its US$130 million fund raising in December 2021. Local reports say Easi was acquired for A$50 million.
"These acquisitions are an important milestone for HungryPanda in continuing to build the leading overseas Asian food delivery platform. By combining our world-class technology and delivery network with the wider coverage of restaurants we can now offer consumers, I am hugely excited about the future potential for our business in these important markets,” HungryPanda founder and CEO Kelu Liu said in a statement.
Kitty Lu, National Operations Manager at EASI, added: "This is a strategic alliance that will increase our effectiveness and reach in a busy marketplace, both regionally and internationally. EASI has been growing nationally at a rapid pace since our launch in Australia and internationally and we are excited by the potential we can achieve working with Eric and the team at HungryPanda."
"Improving the local Asian food delivery service is only the first step for us. We are dedicated to introducing a complete Asian fresh food and grocery delivery service, and adding local merchants' activities and targeted discounts for our consumers with our aim to establish a comprehensive one-stop lifestyle service for overseas Chinese and local residents who have an interest in Asian food culture,” Liu continued.
Last year saw HungryPanda launch its PandaFresh platform for Asian fresh food and grocery e-commerce, and VouchersPanda, a platform to provide new discounted ordering methods of online and offline lifestyle services for overseas Chinese consumers.