The online food ordering and delivery platform eyes on expanding its delivery network to 5 lakh partners by 2020.
5,000 delivery partners have been boarded to the company’s platform in these 13 cities.
Orders for Rebel Foods’ brands on the foodpanda app on average grew 40% month-on-month in the past six months, with more than 200 outlets across the…
Owned by Delivery Hero, Foodpanda launched Pandamart in 2019 in Singapore.
In FY2017-18, Foodpanda, owned by ride-hailing major Ola, had registered loss of Rs 227.95 crore.
Ola’s move is in line with its strategy to largely scale up Foodpanda as a cloud kitchen business rather than as a marketplace model.
Foodpanda has offloaded many of the restaurants from its platform as it looks to pivot its services with a focus on private label brands and some…
With this expansion, Foodpanda will now serve all major Tier II and III cities and towns in the country.
The company is aiming to start operations in 100 cities by the end of November.
Post acquisition, Foodpanda will take over business of Holachef including its kitchens and equipment.
Founded by Sanjeev Mahajan, Sudeep Singh and Nimit Mahajan in June 2017, GoWork has two co-working centres in Gurugram.
Foodpanda India is planning to hire 60,000 delivery riders in the next two months to ensure seamless delivery experience.
Ola's re-entry to this segment is in the context of its rival UberEats, the food delivery business under Uber.
The former venture capital investor at Ojas Ventures, Balijepalli has invested in a number of companies and helped them scale through active board-…
The investment further will focus on creating transparent, more efficient and timely procedures for delivery logistics. The investment would also entail partner and rider recognition programs for better performance.
Ola has made a commitment of $200 million into foodpanda as part of its second attempt at the online food delivery business.
Ola is focused on diversifying its offerings by making an acquisition in the food delivery segment
Swiggy has been steadily building its senior management team especially for the Swiggy Access with an aim to plug existing supply gaps in the marketplace
While reduced competition in India's food-tech space has led to returning sensibilities in terms of discounting, players such as Swiggy, Zomato and FoodPanda still have some way to go before they can turn profitable.
In the initial phase of the program, the brand has onboarded more than 500 partner restaurants and the number is expected to reach around 1500 in the next three months
The online food delivery startup is looking to compete aggressively on technology and delivery with the bigger rivals.
Foodpanda also held initial talks with Swiggy but the pact is yet to be signed by both the firm, confirming the partnership, sources close to the development revealed.
"We are growing very fast in India and will be in the top three markets globally for the company by FY19. India is a very strong market for us," said Saurabh Kochhar, Foodpanda India CEO.
"Both Zomato and Swiggy have been approached for a buyout, besides one larger horizontal company. But Rocket is yet to garner keen interest from possible suitors for Foodpanda," another source said.
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