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E-COMMERCE | Staff Reporter, Singapore

Foodpanda's Pandamart unveils expansion plans

The company currently has 150 stores for online picking across eight markets.

Food delivery platform Foodpanda is looking to expand its online shop Pandamart into more cities within its existing markets, as well as launch it in all of its 12 operating markets by the end of 2021, IGD reported.

The report noted that the emergence of q-commerce, or quick commerce, has been a growing trend in Asia. “As demand for online grocery grows we expect to see existing providers, as well as new ones, expand in this space,” IGD’s Asia Pacific head of insight Nick Miles said.

In 2020, Foodpanda partnered with more retailers in order to expand its grocery offer via its Pandamart service. However, Pandamart is also developing its own network of stores: The company opened its first darkstore in Singapore in October 2019.

Now, the company has 150 dedicated stores for online picking, set up in 40 cities acros eight markets in Asia, including Singapore, Malaysia, Thailand, Taiwan, Hong Kong, Bangladesh, Pakistan, and Philippines.

In Malaysia, it now offers 30-minute delivery on orders, available 24 hours a day. It has 35,000 riders in the market and in order to growth the business and keep up with demand it now has 32 darkstores nationwide, with more set to come online.

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