Foodpanda to invest Rs 4 bn to boost delivery network, hire 25,000 riders

Food ordering and delivery chain Foodpanda India on Monday said it would invest Rs 4 billion to strengthen its network and hire 25,000 delivery riders in the next 12 to 15 months.

According to a company statement here, the investment would focus on scaling up technology and a dense logistics network which would ensure better services for customers.

"Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry. We at Foodpanda recognise this and are investing Rs 4 billion to further strengthen our delivery network across all the metros and other key cities," said Pranay Jivrajka, CEO, Foodpanda India.

"We are also ramping up our last mile connect by hiring 25,000 delivery riders. This is in line with our go to market strategy to make a difference in the food ordering experience of our restaurant partners, customers and riders," he added.

In December 2017, Ola acquired Foodpanda with a commitment to infuse Rs 13 billion ($200 million) from parent company ANI Technologies.