Today’s Deals – Rocket Internet’s Foodpanda sells Russian takeout business to Mail.Ru for $100M

takeout boxes Rocket Internet-backed food delivery business Foodpanda is divesting yet more of its international holdings. Today the company announced that it would sell Russian Delivery Club, its operations in Russia, to Mail.Ru Group for $100 million. Foodpanda said the sale would help it “further focus in our core regions”, by way of investing the proceeds in its other operations. It comes… Read More

from TechCrunch

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