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.