After â¹200cr buyout, Ola to invest â¹400cr in Foodpanda India
Ola's parent ANI Technologies is reportedly planning to invest â¹400 crore ($62.2 million) in Foodpanda India after acquiring the food delivery platform for over â¹200 crore ($31.7 million) in December. The investment is part of â¹1,285 crore ($200 million) ANI Technologies committed to the company during the acquisition. The funds aim to bolster Foodpanda India's logistics and delivery capabilities.