The Business Times
SUBSCRIBERS

Foodpanda partners Cold Storage operator DFI for grocery delivery

The company’s quick-commerce business could eventually be as large as its food delivery offering, says its Singapore CEO

Sharanya Pillai
Published Thu, Sep 7, 2023 · 06:56 PM

FOODPANDA on Thursday (Sep 7) inked a partnership with DFI Retail Group – which runs the Cold Storage, CS Fresh and Giant supermarkets – to provide grocery delivery services in Singapore, promising delivery times of under an hour and no price mark-up.

The partnership comes as foodpanda continues to invest in “quick commerce” (q-commerce), or on-demand delivery of groceries, including fresh produce, and convenience items. Its existing retail partners include convenience store 7-Eleven, as well as health and beauty stores Guardian and Watsons. At Thursday’s event, foodpanda also signed a partnership with the yuu Rewards Club to offer consumers points.

The DFI partnership represents an asset-light approach to q-commerce, as foodpanda relies on retail stores’ inventory. At the same time, the company also employs an asset-heavy approach by operating delivery warehouses, dubbed “pandamarts”. There are 12 in Singapore, according to foodpanda’s website.

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Startups

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here