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Ola buys an idea called Foodpanda India

Uber’s India rival, Ola has decided to wade through the food delivery market again. This deal is not about solving an existing problem for customers. No. It is more about the utilisation of capital, taking the fight to the competition and the emergence of a nimble, ride-hailing company which believes it can execute multiple businesses at the same time


The deal was announced swiftly and without much fanfare. Ola acquired Foodpanda India on a notional valuation. DeliveryHero, the food tech company’s parent, and one of the largest foodtech companies in the world, got a small equity in the Bengaluru-based unicorn in return.

Surprise. It was a word used very often when Ola employees discussed the acquisition at water coolers, coffee breaks and on various internal instant messaging channels. They didn’t know what to do or what to make of this. There were jokes: you think we’ll…

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