Join our Waitlist for Expert Advice!

Rocket Internet's Foodpanda Makes A Meal Out Of UAE's 24h.ae This acquisition comes close on the heels of its purchase of Kuwait's Talabat.com for over US$700 million.

By Kareem Chehayeb

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Online food delivery is on the up and up, and the MENA region is hot according to the mammoth foodpanda group- they've already established an influential presence in Jordan and KSA through their hellofood brands. After Rocket Internet acquired Kuwait's Talabat.com (active across the GCC) for over US$170 million, they've opted for UAE's 24h.ae, which has at least 700 restaurants as its partners, has a presence across seven UAE cities: Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, Fujairah, and Ras Al Khaimah. Thus far, Rocket Internet has refused to disclose the amount of money that they shelled out to acquire the online food delivery platform. Having also acquired companies of competitors in European and Asian markets, the foodpanda group is visible in 40 markets in Africa, Latin America, Asia, Europe, and now the booming Middle East. Having taken a huge bite out of the global online food delivery market, we can only wait and see what their next move will be.

Kareem Chehayeb

Former Columnist & Online Liaison, Entrepreneur Middle East

Technology

Zid's Bold Moves: Pioneering Omnichannel Commerce in Saudi Arabia and Beyond

Zid, Saudi Arabia's leading e-commerce enabler, has launched an Amazon Marketplace integration, becoming the first Arab e-commerce platform to offer this functionality.

News and Trends

Having Graduated Its Sixth Cohort, The MBRIF Innovation Accelerator Program Is Inviting Applications For Its New Seventh Cycle

The sixth cohort included entrepreneurs from the UAE, UK, Canada, Tunisia, KSA, Lebanon and the USA whose ventures are at various levels of business maturity, from prototype to growth stage.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Thought Leaders

10 TV Shows Every Entrepreneur Should Watch on Netflix

Have some free time on your hands? Get into one of these series.

Starting a Business

US-Based Startup Spike Enters The UAE To Offer Healthcare Providers Better Access To Data From Wearable Tech

Built as an application program interface that can access all major wearable and internet of things providers, Spike's platform helps medical providers gain access to an exhaustive user information database based on biomarkers.