Ola acquires Foodpanda's India business
Updated:7 years, 10 months ago
New Delhi, Dec 20 (ANI): Ride-hailing firm Ola announced on Tuesday that it will acquire Foodpanda's India business from parent Delivery Hero in an all-stock deal. Ola has also committed investments of $200 million in the Foodpanda India business. This is Ola's second try at building a food delivery business after it shut down Ola Cafe in 2016. While the companies did not divulge details of the deal, Foodpanda is expected to be valued at $40-50 million. "Foodpanda has come to be a very efficient and profit-focused business over the last couple of years. Our commitment to invest $200 million in Foodpanda India will help the business be focused on growth by creating value for customers and partners. With Delivery Hero's global leadership and Ola's platform capabilities with unique local insights, this partnership is born out of strength," Bhavish Aggarwal, chief executive at Ola, said in a statement. Foodpanda India has about 15,000 restaurants in 100 cities listed on its platform.
Top Videos
Updated:4 years, 9 months ago
Pan-India dry run for COVID vaccine tomorrow: Harsh Vardhan
Updated:4 years, 9 months ago
PM Modi joins world leaders in condemning US Capitol siege
Updated:4 years, 10 months ago
Indo-Japan Samvad: Buddha’s message spread out from India to world, says PM Modi
Updated:4 years, 10 months ago
Centre preparing with states for past 4 months for COVID-19 vaccination: Harsh Vardhan
Updated:4 years, 10 months ago
In Jan, India may be in position to give 1st COVID vaccine shot: Harsh Vardhan
Updated:4 years, 10 months ago
Worst is over but still need to be cautious: Health Minister on COVID-19 cases in India
Related Video
Updated:4 years, 8 months ago
Equity indices plunge on weak global cues, metal stocks hit badly
New Delhi, Mar 04 (ANI): Equity benchmark indices fell sharply during early hours on Thursday as traders booked profit on weak global cues. At...
Updated:4 years, 8 months ago
Sensex jumps by 1,148 points, Nifty closes at 15,246
Mumbai, Mar 03 (ANI): Equity benchmark indices extended early gains and closed 2.2 per cent higher on Wednesday with metal and banking stocks...
Updated:4 years, 8 months ago
Equity indices on upward trajectory, metal stocks shine
Mumbai, Mar 03 (ANI): Equity benchmark indices traded higher by 0.8 per cent during early hours on Wednesday with metal stocks witnessing smart...
Updated:4 years, 8 months ago
Stock indices close 1 pc higher, auto and IT stocks surge
New Delhi, Mar 02 (ANI): Equity benchmark indices maintained momentum despite lacklustre trading on Tuesday on the back of auto and IT stocks amid...
Updated:4 years, 8 months ago
Equity indices up 1 pc, energy and IT stocks gain
Mumbai, Mar 02 (ANI): Equity benchmark indices were in the positive terrain during early hours on Tuesday with energy and IT stocks witnessing...
Updated:4 years, 8 months ago
Equity indices trade firm, auto stocks surge
New Delhi, Mar 01 (ANI): Equity benchmark indices traded firm during early hours on March 01 on the back upbeat global sentiment and India getting...
Updated:4 years, 8 months ago
Equities tumble amid global selloff, private lenders hit
New Delhi, Feb 26 (ANI): Equity benchmark indices cracked by nearly 1.5 per cent during early hours on Friday tracking similar feeble trend in...
Updated:4 years, 8 months ago
Equity indices up on positive global cues, metal stocks shine
New Delhi, Feb 25 (ANI): Equity benchmark indices edged higher during early hours on Thursday on the back of favourable global cues amid optimism...
Updated:4 years, 8 months ago
Equity indices tick up amid volatility, metal stocks shine
New Delhi, Feb 24 (ANI): Equity benchmark indices ticked up in early deals on Wednesday with PSU banks and metals gaining ground. At 10:15 am, the...
Updated:4 years, 8 months ago
Equity indices edge higher, realty stocks gain
New Delhi, Feb 23 (ANI): Equity benchmark indices moved up marginally during early hours on Tuesday but remained under pressure amid growing...
Updated:4 years, 8 months ago
Closing bell: Sensex cracks by 1,145 points, PSU banks and IT worst hit
New Delhi, Feb 22 (ANI): Bears were on rampage at the bourses with frontline benchmark indices collapsing on Monday as traders resorted to heavy...
Updated:4 years, 8 months ago
Equity indices on downswing, auto and pharma stocks lose
New Delhi, Feb 22 (ANI): Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields....
Updated:4 years, 8 months ago
Equity indices subdued, auto stocks suffer
New Delhi, Feb 19 (ANI): Equity benchmark indices were subdued during early hours on Friday amid weak global cues with auto majors taking a hit....
Updated:4 years, 8 months ago
Equity indices flat on mixed global cues, GAIL up by 4 pc
New Delhi, Feb 18 (ANI): Equity benchmark indices were largely flat during early hours on Thursday amid mixed global cues but energy stocks saw...
Updated:4 years, 8 months ago
Equity indices edge lower, Nestle India dips 3.3 pc
New Delhi, Feb 17 (ANI): Equity benchmark indices slipped during early hours on Wednesday on the back of mixed global cues in spite of optimism...
Updated:4 years, 8 months ago
Equities trade higher, Nifty PSU up 2.6 pc on privatisation buzz
Mumbai, Feb 16 (ANI): Equity benchmark indices continued with positive momentum during early hours on Tuesday tracking strong global cues with...
Updated:4 years, 8 months ago
Sensex closes above 52K mark, banking and financial stocks surge
New Delhi, Feb 15 (ANI): Contained coronavirus infections and some broad indications of a rebound in economic activity boosted investor confidence...
Updated:4 years, 8 months ago
Opening bell: Sensex above 52K mark, banking and financial stocks gain
New Delhi, Feb 15 (ANI): Equity benchmark indices traded at fresh lifetime highs during early hours on Monday due to firm global cues with banking...
Updated:4 years, 8 months ago
Closing bell: Equity indices end flat, private banks outperform
New Delhi, Feb 12 (ANI): Equity benchmark indices ended flat on Friday but private banks showed some gains despite a volatile trading session. The...
Updated:4 years, 8 months ago
Equity indices flat amid mixed global cues, IT stocks gain
New Delhi, Feb 12 (ANI): Equity benchmark indices were flat with a positive bias during early hours on Feb 12 but IT stocks surged ahead with some...
