12 Jun '13, 12pm

Singapore's DealGuru Spins Out Food Delivery Business To Chase New Funding

Singapore's DealGuru Spins Out Food Delivery Business To Chase New Funding

DealGuru , one of the major daily deals sites in Singapore, has spun out its food delivery subsidiary, called FoodRunner . Prior to the new name, the service was called Room Service Deliveries , which DealGuru set up after it acquired Malaysia-based operator, Asian Room Service in October last year. The acquisition was DealGuru’s first big step into the online food delivery business. Before that, it tried its hand with a small service called Dealivery.sg, run as a subsection of its deals site for about six months. Since it bought Asian Room Service, DealGuru expanded its presence out of Singapore, into Malaysia and Indonesia (run through a franchisee). Asian Room Service was operating Room Service Deliveries for nine years prior to the acquisition. With the spin out, DealGuru has placed its CFO, Lance Frey, into the CEO spot for FoodRunner. Part of Frey’s job is to raise f...

Full article: http://techcrunch.com/2013/06/12/food-runner-chases-food-...

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