12 Jun '13, 1pm

Singapore's DealGuru spins out food delivery business; forms Food Runner

Singapore's DealGuru spins out food delivery business; forms Food Runner

Singapore’s DealGuru spins out food delivery business; forms Food Runner June 12, 2013 by Terence LEE DealGuru, a Singapore-based e-commerce company backed by Michael Brehm of Rebate Networks, has announced that it is spinning out its food delivery business into a new company called Food Runner. Led by CEO Lance Frey , who was CFO at DealGuru, Food Runner is managing the Room Service Deliveries brand, which DealGuru acquired last year and merged into its own food delivery service. DealGuru started out as a daily deals company, then expanded into direct e-commerce in the fashion, electronics, cosmetics and household goods categories. It started operating its food delivery arm in March 2012. “The (food delivery) business has been growing strongly. We felt it had reached a point where it made sense to operate with the greater flexibility and focus that a separate business pro...

Full article: http://sgentrepreneurs.com/2013/06/12/singapores-dealguru...

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