
British Columbia-based food delivery service, Fantuan, has acquired Chicago-based Chowbus for an undisclosed amount, as reported by Betakit. Both companies are in the food delivery business, offering meal delivery through their mobile apps, with a particular focus on the Asian food delivery market. News of the acquisition comes just over a month after Fantuan closed a $54.3 million CAD Series C funding round, which was co-led by GrubMarket and Celtic House Asia Partners.
According to a news release by Fantuan, Chowbus will focus on optimizing its restaurant Software-as-a-Service and Point of Sales business following the acquisition. The goal of the acquisition is to establish a synergistic partnership with enhanced resources to improve the experience of its users. The partnership is also an opportunity to promote Asian food culture, with diverse offerings. With over 120,000 Asian restaurants in the United States, market research indicates that the Asian restaurant market in the US is expected to exceed $230 billion USD by 2030. Despite the popularity of Asian cuisine, Asian-owned restaurants have faced challenges due to cultural and language barriers, which the collaboration seeks to address.
Fantuan was founded in Vancouver, Canada in 2014 and currently operates in major cities across North America, Australia and the United Kingdom. The company placed ninth on Deloitte Canada’s Enterprise Industry Leaders list this past year, being recognized for their “bold vision for the future [and] impactful technologies” catapulting “Canadian innovation forward”.
Author: Olivia Moon
Photo Credit: istock.com/Atstock Productions.
Authors
Expertise
Insights
-
Energy
Supreme Court of Canada Interprets the Telecommunications Act
In Telus Communications Inc. v. Federation of Canadian Municipalities, the Supreme Court of Canada considered the correct interpretation of the term “transmission line”, as used in sections 43 and… -
Technology
FlexPro Gets a Grip on Baseball Pitchers’ Injuries
Ulnar collateral ligament (“UCL”) injuries – tears of damages to the inner elbow ligament - have been a challenge for baseball pitchers of all skill levels since the sport’s inception. Baseball fans… -
Technology
Securing Canada’s Digital Future
As digital threats become increasingly sophisticated, protecting Canada’s defence supply chains has never been more important. To address this challenge, the Government of Canada introduced the… -
Technology
Canadian Legal Tech Company, Clio, Acquires UK-based ShareDo
In a strategic move to expand its services to large law firms, BC-based legal technology company Clio has acquired UK-based ShareDo. Founded in 2011, ShareDo is a provider of adaptive work management… -
Technology
The 2025 TSX Venture 50 List
The 2025 TSX Venture 50 list has been released, showcasing the top 50 best-performing companies on the TSX Venture Exchange (“TSXV”) over the past year. This year’s list was compiled based on a new… -
Litigation and Dispute Resolution
Court Declines to Rule Out Duty of Care Owed by Social Media Platforms to School Boards
In Toronto District School Board v. Meta Platforms Inc. et al. (2025 ONSC 1499), Ontario Superior Court Justice Leiper dismissed a motion to strike a lawsuit commenced by the Toronto District School…