Delivery Hero is willing to sell part of its Asian business, including in Malaysia. Further to that, now according to the NST report, it is said that the FoodPanda operation in Malaysia may be sold as early as December 2023 - that is next month.
FoodPanda has not issued any comments regarding this matter for the time being. According to initial rumours, one of the potential buyers of FoodPanda's business in Malaysia is Grab, and may integrate it with GrabFood.
Delivery Hero previously stated that it wanted to sell the FoodPanda business in the region, which is not only in Malaysia, but several other countries - including Singapore, Thailand and several others. Previous reports stated that FoodPanda's sales value may reach close to RM5 billion.
If Grab takes over, it will leave GrabFood dominating the food delivery market – and may only have to compete with a few other small competitors, including ShopeeFood.
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BUSINESS & MONEY