Online food ordering platform Foodpanda.in has announced the acquisition of Just Eat thereby expanding its market leadership in one of the biggest food delivery markets in the world. The company has recently also acquired food delivery business TastyKhana.in.

In exchange to the sale, Just Eat receives a minority holding in Foodpanda India, which will assume full ownership of Just Eat India.

Just Eat India was launched as Hungry Bangalore in 2006. It was renamed in 2011 when Just Eat acquired a majority share in the business. Today, the company partners with over 2,000 restaurants.  The current management’s local experience and knowledge will further add to the expertise of Foodpanda and TastyKhana teams in India.

Ritesh Dwivedy, CEO Just Eat India said, “Foodpanda has built a great company in India and around the globe, and we are very excited to partner with them going forward. We believe that we can combined bring an even better service to our customers in India.”

Rohit Chadda, Co-Founder and Managing Director, Foodpanda India said, "These are exciting times for us. There has been a tremendous response to our brand & service, and with this acquisition we're confident that when people think of food delivery, there will be just one answer - foodpanda."

Foodpanda, which has been present in the Indian market since May 2012, operates in 39 countries across five continents globally. In November 2014, Foodpanda acquired TastyKhana, which was launched in the city of Pune in 2007. Together with TastyKhana and Just Eat, Foodpanda is present in over 200 cities and partners with over 12,000 restaurants.

Foodpanda also announced that it is has fully acquired key competitors in 7 countries and thereby consolidates its leading position across the South-East-Asian and Asian food delivery market. It acquired competitors in India, Malaysia, Singapore, Philippines, Pakistan,, Hong Kong, and Thailand.

Ralf Wenzel, Co-Founder and CEO of Foodpanda Group said, “With the recent acquisitions foodpanda becomes the market leader across South East Asia. The combined expertise and experience of several great local companies allow us to significantly improve our offering and service to our customers.”

Weeks after a series of acquisition in Europe, the foodpanda group now also gained a leading position in South East Asia, next to its other core markets in India, Russia, Brazil and Mexico.