Meal Temple, Cambodia’s first online food delivery site, has acquired the largest platform in Laos, MyDelivery.la, part of Kiwi Group, a press release has announced.
Meal Temple Group used funds raised from international private investors up to the end of last year to manage the acquisition, it said.
With more than 300 daily deliveries from more than 200 restaurants in Lao capital Vientiane, Meal Temple Group will continue MyDelivery’s operations, while adding more on-demand delivery and logistics services, such as grocery deliveries.
Meal Temple Group CEO and founder Maxime Rosburger said the partnership with Kiwi Group was a great asset in kick-starting logistics services abroad at a more rapid pace.
“We are really excited about this first acquisition, which is one of the pillars of our strategy to dominate the frontier markets of Asia and expand our skills set and technology regionally,” Rosburger said, adding that MyDelivery.la would continue to operate under that name.
Meal Temple Group also agreed on an exclusive partnership with Kiwi Group and its fintech start-up Kiwi Pay to use their services locally to handle online secured payments, the press release stated.
Kiwi Pay recently partnered with Alipay, Wechat pay, Google and Apple Pay to manage their expansion in Laos and unlock local e-commerce potential.
Kiwi Group and Kiwi Pay CEO and founder Gregory Schmidt said the company is now focusing on fintech products in Laos.
“This is a real strategic partnership to bring experts in each field for the untapped e-commerce potential in Laos,” Schmidt said.
Meal Temple was founded in 2013 by three young French entrepreneurs and currently leads the Kingdom’s food delivery industry.
The service has grown to become one of Cambodia’s largest and currently fastest growing food delivery platforms.
Established in 2016, Nham24 is another platform which currently operates in Phnom Penh and Siem Reap town, collaborating with over 550 restaurants. The industry’s third food delivery site is Muuve Delivery, which launched four months ago.