Indonesia’s foodpanda closes down after being defeated by newcomers
The Jakarta Post
Rocket Internet’s online food delivery service foodpanda has shut up shop in Indonesia after losing its competition with recently flourishing app-based taxi-motorbike services, an executive of the company confirmed.
“Through the notice, I officially announce foodpanda’s decision to cease all food activities in Indonesia on a permanent basis,” Victor Delannoy, managing director foodpanda Indonesia, said in a statement published on its website on September 30.
Foodpanda launched its Indonesian operation in 2012 in Jakarta and since then has partnered with thousands of restaurants to offer convenience and fast ordering to hundreds of thousands hungry customers, according to the statement.
“Monday, October 3, 2016, until 10 PM will be our last day of accepting orders”, Delannoy said.
The German-based company has admitted losing its competition with the new generation of app-based taxi services that also offer food delivery. (dan)
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