Uber rival Ola buys Foodpanda India to get into food deliveries

Ola, the Uber rival in India, is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. The deal will see Ola scoop up the Foodpanda India business with DeliveryHero taking an undisclosed amount of Ola stock in exchange. Undisclosed all-stock deals are usually indicative …

Continue reading “Uber rival Ola buys Foodpanda India to get into food deliveries”