Acquisition of Foodpanda

Ola acquires FoodPanda India business

Question: Which of the following companies has recently acquired ‘Foodpanda’ for expansion in the food delivery business?
(a) Meru Cab
(b) Easy Cab
(c) Mega Cab
(d) Ola Cab
Answer: (d)
Related Facts:

  • On December 19th, 2017, Chief Cab Operator ‘Ola’ announced the acquisition of ‘Foodpanda India’.
  • It is important that ‘Foodpanda’ is engaged in the business of delivery of food sitting home by online order.
  • In the announcement of the acquisition, Ola did not disclose the amount of the deal.
  • “Ola” will invest 200 million dollars to pursue this business (food delivery).
  • It is important that companies like ‘Uber Eats’, ‘Jometo’ and ‘Swiggy’ already has this business.
  • Ola had started a food business through the ‘Ola cafe’ in the year 2014 which was unsuccessful.
  • The founder partner of ‘Ola’, Pranay Jivrajka took over as Interim CEO of Food Panda India.

Reference:
https://tech.economictimes.indiatimes.com/news/internet/ola-acquires-foodpanda-india-business-to-further-invest-200-million/62131014
http://www.business-standard.com/article/companies/ola-acquires-foodpanda-to-re-enter-food-delivery-business-take-on-ubereats-117121901053_1.html