Question
Foodpanda’s Indian business has been recently acquired
bySolution
Ola, a cab hailing app announced a deal to buy Foodpanda’s Indian business from its German-based parent firm, Delivery Hero Group.This is by far the largest such fund infusion into India’s online food ordering and delivery industry so far.The firm’s rival Uber made its foray into the segment with UberEATS recently. Note- Bhavish Aggarwal is the co-founder and CEO of Ola.
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