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Marketing

Ola owner pumps money into Foodpanda to boost logistics and delivery

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By Taruka Srivastav, Reporter

February 12, 2018 | 2 min read

ANI Technologies, the parent company of Ola is set to invest Rs. 400 crore in Foodpanda to boost its logistics and delivery operations.

Ola's parent company to boost Foodpanda's logistics by pumping Rs. 400 crore

Ola's parent company to boost Foodpanda's logistics by pumping Rs. 400 crore

ANI Technologies snapped up Foodpanda India from its German head company Delivery Hero AG in an all-stock deal to combat rival Uber's UberEats in December, 2017.

The other major players it competes with in the Indian market are Alibaba Group-backed Zomato and Naspers-backed Swiggy.

Pranay Jivrajka, chief executive at Foodpanda India told Economic Times that Foodpanda will be working on creating and further building a stronger backend technology that will allow the company and its restaurant partners to work more seamlessly.

“Creating a robust technology stack is a fundamental need, which will also play a massive role in building a strong delivery ecosystem. We are also working on the consumer-facing side of the business to provide a more fulfilling user experience,” he added.

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