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Ola Acquires Foodpanda India to Redefine the Online Food Ordering Business

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Mohan K
Ola Acquires Foodpanda India to Redefine the Online Food Ordering Business

Ride-sharing platform Ola announced it has acquired Foodpanda's India business in exchange for Ola stock.

1,282 crores) into Foodpanda's India business over an undisclosed period of time.

Foodpanda India will benefit from Ola's scale and efficiencies as a platform, also having leveraged knowledge from Delivery Hero's global best practices.

Ola competitor Uber already offers UberEATS online meal ordering and delivery platform, and with Foodpanda acquisition, one can expect Ola to offer a comparable service within its app.

The company had newly declared a tie-up with Zomato to facilitate food via from its in-car Ola Play platform.

As one of India's pioneers in the food delivery industry, Foodpanda became a very effective and profit-focused business over the last couple of years, with Delivery Hero's global leadership and Ola's platform capabilities with unique local insights, this partnership is born out of strength.

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Mohan K
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