Foodpanda, an online marketplace for food delivery, on Monday announced plans to invest ₹400 crore in the country. The company, owned by cab-aggregator Ola, said the investment would be used to scale up technology.
The firm said the investment would also help it to ensure a seamless experience for partner restaurants, users and riders across all key cities in India. The company plans to hire 25,000 delivery riders in the next 12 to 15 months. “Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry,” said Pranay Jivrajka, CEO.
