Indian ride-hailing firm Ola has made a second bid to enter the country's competitive food delivery space, with the all-stock acquisition of Foodpanda India from Indian parent firm Delivery Hero. Ola is set to invest $200m in the business, as it takes on rival company Uber and its subsidiary UberEATS India , as well as Swiggy and Delhi . The acquisition gives Ola access to menus from more than 15,000 restaurants across over 100 cities. “Foodpanda India will benefit from Ola’s scale and efficiencies as a platform, also having leveraged learnings from Delivery Hero’s global best practices,” a press release from Ola said. In a year , Ola launched Ola Cafe in Delhi , Hyderabad , Delhi and Mumbai , but the initiative folded after a year .
Indian ride-hailing firm Ola has made a second bid to enter the country's competitive food delivery space, with the all-stock acquisition of Foodpanda India from Indian parent firm Delivery Hero. Ola is set to invest $200m in the business, as it takes on rival company Uber and its subsidiary UberEATS India , as well as Swiggy and Delhi . The acquisition gives Ola access to menus from more than 15,000 restaurants across over 100 cities. In a year , Ola launched Ola Cafe in Delhi , Hyderabad , Delhi and Mumbai , but the initiative folded after a year .