Delivery Hero

Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS

The deal marks Ola’s return to the food delivery business, which it exited in 2016,

Ola to re-enter online food delivery market, will buy Foodpanda’s India unit in an all-stock deal

In 2014, Ola had forayed into food delivery business with Ola Cafe and had expanded offering to cities like Delhi, Mumbai and Bengaluru

Ola buys Foodpanda India from Delivery Hero Group for $200 mn; Pranay Jivrajka to head this new business unit

According to the cab aggregator platform's statement, the deal includes the transfer of Foodpanda's India business to Ola in an acquisition deal in exchange for Ola stock.

German food takeaway firm Delivery Hero prepares to issue shares worth 450 million euros

Delivery Hero has grown rapidly and now employs over 6,000 people, providing a digital platform to order meals from 150,000 restaurants in 40 countries.

After taxi, Uber aims to make it big in the global food delivery market; plans to enter 22 new countries

In addition to 6 countries it operates, UberEats is planning to enter at least 22 new countries across the world in the near future