Berlin-based and Rocket Internet-backed online takeaway ordering and delivery firm Foodpanda is acquiring the Hong Kong assets of US-based, Reuters reports this morning.

Founded in 2012 and backed by more than $300 million in venture capital, Foodpanda has made 9 acquisitions to date. It has recently scaled back in terms of geography to double down in 24 markets across the globe (down from 40 a year ago).

The terms of the deal were not disclosed.

Also read:

Rocket sells off food ordering sites in Spain, Italy and LatAm to Just Eatfor €125 million

Premium food delivery startup Deliveroo raises $100 million from DST and others

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