KARACHI: The leading Pakistani food ordering powerhouse EatOye has announced that it has been acquired by foodpanda.
EatOye offers the fastest way to order a food delivery or reserve a table. With 682% growth in orders in 2014, it is amongst the fastest growing online food ordering companies globally. EatOye is awarded the Pasha ICT Award for the best IT Company in Hospitality Industry in Pakistan and also amongst the best IT companies in hospitality in Asia Pacific region. The company has in access of 1,000 restaurants across 15 different cities in Pakistan and processes over 30,000 transactions per month in the PKR 15 billion food market.
Together with foodpanda.pk, the two brands will offer the most convenient way to order food in over 15 Pakistani cities. “Pakistan is a huge market with a population of 200 Million; the goal is to grow both the foodpanda and EatOye brands. Both the companies will have their own management and teams, However there will be a stronger strategic alliance between both managements”. One of the senior officials at foodpanda Global shared.
According to NaumanSikandar&RaiUmair the founders of EatOye, “This acquisition, especially for EatOye, brings learning from the myriad of best practices that foodpanda makes use of in 40 other countries”. EatOye’s goal is to learn from foodpanda as well as local expertise in providing better services to our customers and cover Pakistani market by providing great services.”
Statement by the Board of Arpatech, the key former shareholder of EatOye: “We are very proud of both the EatOye and Arpatech teams on the announcement of the partnership with foodpanda. For Arpatech to take EatOye from inception to this stage in under a year is a truly outstanding achievement and testament to the talent, efforts and tenacity of everyone involved. On behalf of the Board of Arpatech we wish the EatOye and foodpanda team every success in the future.”