Ola Buys Foodpanda India In All-Stock Deal | Big Startup Deal | CNBC TV18

Cab-hailing app Ola is set to enter the food delivery space. The company has acquired Foodpanda’s India business from German-based delivery Hero group. Ola has also committed to invest two hundred million dollars or a little over 1,300 crore rupees in Foodpanda’s Indian subsidiary. In return, Ola will sell a part of its stake to delivery hero. Here’s what co-founder of Foodpanda Saurabh Kochhar had to say.