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