Ola acquires Foodpanda, to invest $200 million into food business

Ride-hailing player Ola is making an entry into the food delivery space again, this time by acquiring Foodpanda India from Germany based Delivery Hero Group. While the companies did not disclose the details of the deal size, sources have pegged the stock-based acquisition at under $50 million.
Read more: Ola acquires Foodpanda, to invest 0 million into food business

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