foodpanda ready for 'burn war' as GrabFood enters fray

Singapore

ONLINE food delivery pioneer foodpanda is prepared to go on an all-out blitz when GrabFood, which replaces Uber Eats, enters the battlefield, especially if ride-hailing giant Grab takes an aggressive approach.

Luc Andreani, managing director of foodpanda Singapore, tells The Business Times: "If GrabFood comes in and they are completely crazy - which means extremely low commission to vendors (restaurants), extremely high payments to riders - we will retaliate.

"We are here to absolutely win, and whichever player is doing a move that hurts profitability, we will match it."

So much so that t…