The food delivery service has sold its Vietnam-based operation to competitor Vietnammm a week after announcing it had decided to exit the country.
FoodPanda, a Germany-based takeaway platform backed by e-commerce group Rocket Internet, has sold its Vietnam-based operations to local rival Vietnammm, Tech in Asia reported on Tuesday.
Financial deals of the transaction were not disclosed. The news follows last week’s announcement by FoodPanda that it was to shut down its local service, FoodPanda.vn, by December 7 due to financial and other, unspecified difficulties.
Founded in 2012 and launched in Vietnam that same year, FoodPanda operates an online food delivery service in…
