Sydney, Jan 10: Australian-based Asian food delivery platform EASI is joining forces with HungryPanda in a merger that will see them become the world’s largest food delivery platform serving the overseas Chinese market.
The two delivery platforms are coming together to create the next powerhouse in the global food delivery space.
“This is a strategic alliance that will increase our effectiveness and reach in a busy marketplace, both regionally and internationally,” EASI National Operations Manager Kitty Lu said.
“EASI has been growing nationally at a rapid pace since our launch in Australia and internationally we see fantastic opportunities to continue this trajectory.”
Launched in Melbourne back in 2014, EASI is the Australian owned leader in this space while HungryPanda, founded in the UK in 2017, operates across ten countries and has already raised over US$220 million with its most recent round of funding.
EASI already has 1.5 million users and over 20,000 businesses utilising the platform.
Combined the two platforms will have a customer base of over 3.5 million, 60,000 merchants engaged and over 40,000 drivers.
HungryPanda has been on a strong upward trajectory in recent times, reporting a 200 per cent increase in revenue from 2019 to 2020 with an impressive $69 million in revenue to show for its efforts.
Already operating in 60 cities across 10 countries EASI and HungryPanda plan to expand its operations in the Asia Pacific region as well as North America.
“For some time North America has been an area of opportunity for growth and we expect to see imminent expansion throughout North America, furthering the strong foot we have in both Canada and the US,” Hungry Panda founder and CEO Kelu Liu said.
Combining experience with opportunity HungryPanda and EASI have moved into new sectors including ‘PandaFresh’ for fresh produce delivery and ‘VouchersPanda’ for accessing discounts and vouchers for both online products and offline lifestyle services.
The additional services and the rapidly growing profile of HungryPanda saw it become the only food delivery platform listed in Deloitte’s prestigious 2021 UK Technology Fast 50 with 2,435 per cent growth over the last four years.
Liu outlined food delivery as an area for immediate growth and sees the lifestyle area of the newly formed company as complimenting areas of expansion as the merger enhances their reach.
The merger is now officially announced, and this will see changes to where the brands operate going forward, however they will continue operating in their current respective regions in early 2022.
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