Deals
Mail.Ru Buys Rocket Internet-Backed Foodpanda’s Russian Unit
- Acquisition allows Foodpanda to focus on Asia, Middle East
- Mail.ru faced growth slowdown in online games, social networks
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Russian billionaire Alisher Usmanov’s internet company, Mail.ru Group Ltd., has agreed to buy Rocket Internet SE-backed Foodpanda’s online food-delivery business in Russia for $100 million.
The acquisition of Foodpanda’s Russian unit Delivery Club will help Mail.ru expand beyond social networks and games, into mobile e-commerce, the company said in a statement Thursday. With 20,000 orders per day, Delivery Club is a leading player in the growing food-delivery market in Russia, it said.