The battle for dominance in India’s fast-growing online food delivery market is a two-way affair between Swiggy and Zomato
Ola is restructuring its food delivery platform Foodpanda to focus on building a portfolio of its own as well as curated food brands through a network of kitchens and offline stores
Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executives
In the last two weeks, Ola has dissolved the ground team completely. The company, however, has retained the core operations team consisting of senior employees
Restaurants in dilemma after govt makes changes in FDI norms for e-commerce firms, seek clarification
NRAI had approached the DIPP early this month seeking clarity if online food companies should comply with the FDI guidelines.
Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding
The allotment of these shares to Bansal is part of Ola's plans to raise about $1 billion in funding, they added.
Naspers said in a statement it had invested $660 million in Swiggy during this latest round
Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Swiggy will use the funds to hire and strengthen its technology backbone, the company said.
Uber Eats on Friday said it has joined hands with Cafe Coffee Day (CCD) to launch India's largest virtual restaurant network, a move that will help Uber's food delivery unit to compete aggressively against rivals like FoodPanda, Swiggy and Zomato
As part of the acquisition, Foodpanda will take over Holachef's business including its kitchens, equipment, as well as bring onboard the company's employees. Holachef's founders are set to join Foodpanda's leadership team
Zomato, Swiggy, Foodpanda, seven others delist over 5,000 restaurants for not having food safety regulator's approval
The move by the companies comes after FSSAI asked them in July to stop using edibles supplied by non-licensed operators after it received consumer complaints of sub-standard food being served through these platforms.
The 13 cities where Foodpanda has launched operations include Jaipur, Chandigarh, Kanpur, Lucknow, Indore, Ahmedabad, Nashik, Nagpur, Mysore, Bhubaneswar, Guwahati, Visakhapatnam and Coimbatore, a company statement said.
Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion
Ola is also in talks with Singapore's Temasek Holdings Pvt. Ltd and two other funds to raise $1 billion capital
FSSAI directs 10 e-commerce firms to delist non-licensed operators after consumers complaint of sub-standard food
Box8, Faasos, FoodCloud, Foodmingo, Foodpanda, JusFood, LimeTray, Swiggy, UberEats and Zomato have been directed by the FSSAI
Online marketplace for food delivery, Foodpanda on Wednesday announced the launch of its dedicated technology centre in Bengaluru
Ola planning to expand in Australia; has started inviting drivers from Sydney, Melbourne and Perth to get on its platform
Ola will benefit from the presence of Uber in the country as drivers are already aware of how the system works.
Ola buying Foodpanda’s India business comes as a big relief for German tech incubator Rocket Internet
With the declaration, the domestic ride-haling company Ola is trying to re-enter the online food delivery segment
Given that Foodpanda has been struggling for a while, the acquisition was waiting to happen.
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.
The brand association will be commenced by a brand new TVC to be launched later this week on all platforms