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

 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 “to further focus in our core regions” and as Mail.Ru looks for more services it can sell to its large audience in Russia: It says it touches 94%… Read More

Source: Techcrunch.com