OLA acquires FoodPanda for $200M

OLA FoodPanda

Ola (Uber rival in India) is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. Under the deal, Foodpanda's India business will be transferred to Ola while Delivery Hero will get shares in Ola, the companies said in a statement.

What's the strategy behind OLA-FoodPanda deal?
1.Ola's acquisition of Foodpanda India is in direct competition with rival Uber Technologies, which runs UberEATS, a similar service.
2.Ola is buying a business with scale and not interested in starting one from scratch.

FoodPanda Business Stats
Foodpanda has over 15,000 restaurants across 100 Indian cities on its platform.
Revenue stood at Rs. 62.16 crore in 2016-17

Other Food Delivery Players in India
Zomato
Swiggy
UberEats


Tags: Ola, FoodPanda, DeliveryHero, Softbank, food ordering, food delivery, Uber eats, Aero, Swiggy, Zomato, startups, India, acquisitions,

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