|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||12.30 - 12.30|
|52 Week Range||12.30 - 14.48|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Online takeaway delivery firm Foodpanda is partnering with Indian virtual kitchen company Rebel Foods to roll out the latter's virtual restaurant brands at 2,000 outlets across ten Asian countries, Foodpanda's chief operating officer said. "Foodpanda is Asia's largest's food delivery company ... while Rebel Foods is the largest virtual brands operator in the world," COO Pedram Assadi told Reuters.
The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally saw share prices spike during 2020 as lockdowns and other restrictions kept people eating at home. "Food delivery app usage has not slowed down, even as consumers return to in-person dining more frequently," said Alisha Kapur of Similarweb, which analyses web traffic and app downloads.
(Bloomberg) -- Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan to Confront Workplace RacismDelivery Hero SE invested $235 million in Gorillas Technologies GmbH, part of a nearly $1 billion funding round for the Berlin-based grocery startup.Delivery Hero will a