Ola Acquires Foodpanda
Cost of home-cooked non-veg thali hits seven-month high in September
Crisil's Roti Rice Rate report shows non-veg thali at ₹56 in September, up 10% month-on-month, while tomato-led softness eased veg thali cost to ₹28.1
 "Cost of home-cooked non-veg thali hits seven-month high in September")
Ola's Foodpanda acquisition underscores new-age deals driven by '3 Ds'
Data, delivery, and digitalism will likely trigger more partnerships, buyouts and joint ventures in the new year
 "Ola's Foodpanda acquisition underscores new-age deals driven by '3 Ds'")
Fire sale is Rocket Internet's India legacy
The sale of Foodpanda's India unit to ridehailing company Ola on Tuesday marked the exit of German investment giant Rocket Internet from all its major start-up ventures in this country. While Rocket had unloaded Foodpanda's global operations to Delivery Hero, a start-up in which it owns 37 per cent, the company's determination to exit all Indian investments led to another fire sale. Rocket Internet had invested around Rs 240 crore in Foodpanda India over three years, a figure very similar to what Ola finally purchased the company for. More, being an all-stock deal, the India unit did not really generate any value for owner Delivery Hero.Analysts and sector watchers agree the sale of Foodpanda was yet another sale done in distress by Rocket Internet. The investor was among the first global firms to really take a deep look into India's start-up sector; it is now completely out.Explanations for the failure range from a whacky corporate structure and entrepreneurs taking advantage of ...
Ola acquires Foodpanda to re-enter food delivery biz, takes on Uber Eats
SoftBank-backed Ola is planning to invest $200 million (approximately Rs 1,300 crore) in Foodpanda India as it is looking to engage millions of users more often on its platform
