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 get free food?