Business
Rocket Internet is picking up more companies. Big ones from the Middle East.
Global Online Takeaway Group. Make way.
The GOTG is Rocket Internet‘s new baby as of last week. The proud group behind FoodPanda added two more companies to this salad. Talabat and 24H are companies from the Middle East that have been acquired for $170 million and an undisclosed amount respectively.
Talabat has over 1300 restaurants in Kuwait, Saudi Arabia, the UAE, Bahrain, Oman and Qatar.KFC, Burger King, Pizza Hut and Subway are in this big bundle.
“The online food takeaway sector is currently undergoing tremendous change. With the newly created Global Online Takeaway Group, Rocket Internet is at the forefront of consolidating the key markets in one of the most attractive online sectors. The Middle East is one of the most attractive markets with significant growth potential and highly attractive EBITDA margins,” said Rocket Internet CEO, Oliver Samwer.
Elevate your Father’s Day celebration with a Sophisticated Highball Night in with your Dad
Elevate your Father’s Day celebration with a Sophisticated Highball Night in with your Dad Father’s Day is a time to...
Sip, Savor, Repeat: Monkey Bar’s Summer Cocktails
Sip, Savor, Repeat: Monkey Bar’s Summer Cocktails Bangalore, May 2024: Get ready to sip your way through summer with Monkey...
Tuk Tuk – The Night Noodle Market at The Fatty Bao
Tuk Tuk The Night Noodle Market at The Fatty Bao Bengaluru, Karnataka – 2nd April, 2024 – Mark your...
Which mangoes are coming in this season? Attributed to – Team Madras Mandi
Which mangoes are coming in this season? Attributed to – Team Madras Mandi India accounts for a staggering 50% of...
Spicing it up! : Foo’s Fiery Edit Menu Is Back
Spicing it up! : Foo’s Fiery Edit Menu Is Back Get ready to turn up the heat with Foo’s much-awaited...