ADVERTISEMENT

foodpanda acquires Hungarian NetPincér

Awards

Leading food delivery service foodpanda acquired Hungarian peer NetPincér, according to a press realease issued by foodpanda yesterday. 

At the time of the acquisition, NetPincér had a partnership with 550 restaurant and this network is expected to grow by 126 following the sale, foodpanda stated. foodpanda also has plans in the pipeline to launch a mobile application in 2015 under the name NetPincér.

NetPincér began its operations in 1999 and has since become a market leader in its field, reporting revenues of HUF 455 mln in 2013, according to public records. foodpanda is present in 41 countries and entered the Hungarian market in 2013. 

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.