SINGAPORE -- Food delivery service Foodpanda remains focused on its core business to reach profitability on a group level, the company's CEO says, adopting a different strategy from regional competitors such as Grab and GoTo, which have expanded into different businesses to become "superapps."
"We really want to make a point of not becoming a superapp," Foodpanda's Jakob Angele told Nikkei Asia in an interview this week. "We want to be an app which stands for something very concrete and has a very clear value proposition for customers."
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