Delivery Hero to acquire Deliveroo’s Hong Kong assets

Its customers and couriers will now be redirected to foodpanda.

Delivery Hero, the parent company of foodpanda, has acquired selected assets from Deliveroo in Hong Kong following the latter’s decision to exit the market.

Under the agreement, Deliveroo customers and couriers in Hong Kong will be redirected to foodpanda, while certain vendors will be onboarded to the platform.

"This will expand foodpanda’s offering, providing customers with access to a broader selection of restaurants and grocery businesses, including some previously only available on the Deliveroo platform," the company said in a statement. "Vendors will also benefit from access to a larger customer base."

Delivery Hero said the move underscores its commitment to maintaining a sustainable delivery ecosystem in Hong Kong, benefitting customers, couriers, and business partners.