Ola buys Foodpanda India, to invest $200 million in business

Foodpanda India, the popular food take away service has been bought over by ride-sharing app Ola.

Germany's Delivery Hero announced it was selling Foodpanda India to Ola with the taxi-hailing service ready to invest $200 million into the company. 

"The partnership



with Ola will allow us to further consolidate markets where it strategically makes sense to collaborate with leading local players," Delivery Hero's Chief Executive Niklas Ostberg said.

Last month, India's food online marketplace had registered a 64 jump in the financial year 2016-17.