Foodpanda launches 150th pandamart
The service is now available in eight markets.
Foodpanda announced the launch of its 150th Pandamart grocery cloud store network in Asia, amidst growing demand for at-home delivery.
The delivery firm launched its first store in Singapore in October 2019 and has since been rolled out to 40 cities, across eight markets in the region.
With this milestone, Foodpanda says it now operates Asia’s largest network of cloud grocery stores, providing consumers with access to more than 4,000 grocery and household products, delivered within 25 minutes.
Research firm Forrester reported that grocery is the fastest-growing category in the Asia-Pacific region, with the adoption of online grocery services expected to grow 30% from 2019 to 2024 and online penetration doubling from 5.1% in 2020, to 10.6% in 2024.
Across the region, the number of first-time customers ordering groceries via Foodpanda more than doubled between the first and second half of 2020.
“Launching 150 pandamart across 40 cities in the midst of a pandemic was no easy task, but foodpanda realised the critical importance in bringing our consumers what they really needed quickly and safely, especially during times of movement constraints,” said Abhishek Sahay, Director of New Verticals at foodpanda. “Now that we’re operating in eight markets, our goal in 2021 is to take pandamart into more cities within our existing markets, plus launch pandamart in all 12 operating markets by the end of 2021.”