 "Foodpanda")
Foodpanda, the food delivery firm owned by ride-hailing giant Ola reported a net loss of Rs 756 crore during the financial year 2018-19. This is a 230 per cent increase from the last financial year, according to the financial data accessed by business intelligence platform, Tofler. Foodpanda's revenue for the same fiscal was Rs 82 crore, which is a marginal increase of 11 per cent from the last year.
"Foodpanda's burn rate of Rs 756 crore over Rs 82 crore of revenue is one of the highest among Indian startups. The significant increase in expenses from the last year is contributed
