Origin Merchant Partners (“Origin”) is pleased to announce that it acted as exclusive financial advisor to Fan Tuan Holding Ltd. (“Fantuan”) on its acquisition of the Food Delivery business of Chowbus Inc. (“Chowbus”).
Fantuan: Founded in Vancouver, Canada, Fantuan is a one-stop platform providing services such as food delivery, fresh grocery and more. As one of the world’s leading Asian food delivery and lifestyle service platforms, Fantuan has developed a cutting-edge technology that closely connects business owners with customers to provide convenient, innovative, and efficient services to everyday life. Since its establishment in 2014, the company has demonstrated significant organic growth and operational excellence, operating in over 50 cities across Canada, the United States, Australia, and the United Kingdom.
Chowbus: Based in Chicago, Illinois, is a significant food delivery player in the US, particularly focusing on high-quality, authentic Asian cuisine. The company has empowered local independent restaurants and stores with technology, tools, and marketing support to foster business growth. The Food Delivery segment of Chowbus features an exclusive and curated list of high-quality mom-and-pop restaurants and stores in key US markets.