Ola acquires FoodPanda India business

tech.economictimes.indiatimes.com

The company is returning to food delivery after a brief pilot effort in 2015. Ola plans to inject $200 million into the business, but it will have to compete with Swiggy, Zomato, Uber Eats and even a venture from Google. As an undisclosed, all-stock deal reportedly worth under $50M, this looks like a relatively risk-averse bet that Ola hopes could reap dividends. It'll be a big challenge, like battling Uber for ride-hailing isn't already enough.

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