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Ola

Foodpanda

BY-BRAMIT SINGH
1806266022
SEC-B
Ola Cabs
• Ola Cabs is an Indian origin online transportation network
company developed by ANI Technologies Pvt. Ltd

• Founder - Bhavish Aggarwal(CEO) & Ankit Bhati(CTO)


• Founder - 3 December 2010, in Mumbai, Maharashtra,
India
• Industry - Transportation
• Services - Vehicle for hire Delivery (commerce)
• Revenue - ₹758 crore (US$110 million)
Foodpand
• Foodpanda is a German mobile food delivery marketplace
headquartered in Berlin, Germany, operating in 10 countries and
territories
• Founders - Ralf Wenzel, Benjamin Bauer, Felix Plog & Rohit
Chadda
• CEO is Jakob Angele & CMO is Julian Dames
• Service - Online food ordering
List Of Company Ola
Have Acquired
• In March 2014, Ola Cabs acquired Bengaluru based taxi service
TaxiForSure for approximately ₹1,394 crore (US$200 million).
• In November 2015, Ola acquired Geotagg
• In August 2018 Ola financed Series A funding of the scooter rent
startup Vogo, and in December, Ola invested another $100 million
• In December 2017, Ola acquired Foodpanda's business in India.
OLA CABS & FOODPANDA
• Ola has bought Foodpanda India from its German parent Delivery
Hero group in a stock deal pegged at about $40 million, re-
entering a resurgent food-delivery market that has matured and
become more competitive in the past year.
• SoftBank-backed Ola will also invest $200 million in Foodpanda
India, as it takes on rival UberEats and incumbents Zomato and
Swiggy in one of the most-coveted and high-frequency consumer
markets in India.
• Saurabh Kochhar, chief executive of Foodpanda India, will be
replaced by Ola founding partner Pranay Jivrajka as interim CEO
• The food-delivery landscape in India has seen a 130% rise in
order volumes, which is expected to touch 370,000 orders per day
this year, up from about 160,000 in 2016, according to estimates
from Redseer Consulting.
• Its earlier food-delivery venture, Ola Cafe, in March 2016 but has
continued to look at diversified offerings in a bid to outpace Uber
in digital transactions.
• Foodpanda India has been looking to trim expenses and build a
robust balance sheet. The delivery firm, which works with 15,000
restaurants in India, shrunk its losses by almost 70% last year,
making it a sweet purchase for Ola.
• Foodpanda India’s revenue grew 64% to Rs 62.16 crore in fiscal
year 2016-17, while losses fell to Rs 45 crore from Rs 142.6
crore, show documents filed with the Registrar of Companies and
accessed by research platform Tofler.
• Bhavish Aggarwal, CEO of Ola, in a statement. “Our commitment
to invest $200 million in Foodpanda India will help the business be
focused on growth by creating value for customers and partners”
• While Ola Cafe, which was built with an investment of $20-30
million, did not yield significant results for the ride-hailing
aggregator, analysts expect that the $200-million infusion into
Foodpanda India will give Ola a sizeable entry in the food-delivery
space this time around.
THANK YOU

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