Robinhood, Foodpanda eye tie-up

Yip In Tsoi eager to work with food delivery app before it folds

- SUCHIT LEESA-NGUANSUK

Yip In Tsoi, the operator of food delivery platform Robinhood, is in discussions with Delivery Hero, the operator of the Foodpanda app, over potential collaboration models, though not an acquisition.

The company also wants to list Robinhood in an initial public offering within three years, as it hopes to break even this year.

Morakot Yipintsoi, president and chief executive of Yip In Tsoi & Co Ltd, told the Bangkok Post the talks are not about acquiring Foodpanda due to Yip In Tsoi's limited financial resources.

One possible model involves Foodpanda handing over its business to Yip In Tsoi, which would help it operate and share the app's revenue with Delivery Hero.

Yip In Tsoi has extensive experience working with a partner from Germany. For Foodpanda, which is owned by a German company, Yip In Tsoi would manage their ecosystem with the utmost care, ensuring the business is passed into capable hands, said Mrs Morakot.

Robinhood would also develop an English-language version of the app by mid-May to facilitate foreigners and expats in Thailand using it, she said.