Ola’s Foodpanda, through its acquisitions, is attractive to booty the action to Swiggy, Zomato and UberEats in the online aliment acclimation space.
New Delhi: Foodpanda, the online aliment acclimation and commitment startup endemic by Ola, has acquired Mumbai-based, food-tech startup Holachef Hospitality Pvt. Ltd for an bearding sum, the aggregation said in a account on Tuesday. Mint had on 2 August appear that Foodpanda was in avant-garde talks to buy Holachef, which had shuttered operations in April this year.
Foodpanda will booty over Holachef’s advisers and kitchen equipments. Holachef founders—Anil Gelra, Gaurav Srivastava and Saurabh Saxena—will accompany the administration aggregation at Foodpanda.
Holachef marks Ola’s additional accretion aural a year, which bought Foodpanda from Germany’s Commitment Hero in December aftermost year.
Ola, run by ANI Technologies Pvt. Ltd, is acutely abrogation no bean unturned to action it out in the online aliment acclimation amplitude bedeviled by Swiggy (Bundl Technologies Pvt. Ltd) and Zomato (Zomato Media Pvt. Ltd). Ola battling Uber India Pvt. Ltd too has entered the amplitude with UberEats India.
Foodpanda will attack into billow kitchens with its acquisitions. It additionally affairs to barrage its own aliment cast beyond categories. The aggregation claims to accept a arrangement of over 1 lakh commitment ally and admission to over 150 actor customers.
“We aim to body India’s better billow kitchen arrangement that will be a above footfall in added adorning the aliment acquaintance for our customers,” said Pranay Jivrajka, arch controlling at Foodpanda. “I am captivated to acceptable the Holachef aggregation on lath and attending advanced to their aing us in our mission of carrying above aliment adventures to a billion Indians.”
Founded in 2014, Holachef delivers home-cooked aliment to barter and was operational in Mumbai and Pune. The company, backed by Ratan Tata, Kalaari Capital and India Quotient, had aloft $9.6 actor cumulatively till date, according to abstracts from Crunchbase.
“We are captivated to accompany easily with Foodpanda to advance our mission. We are captivated to be allotment of Foodpanda’s and Ola’s amorous aggregation that is absolutely alteration the aliment acquaintance for a billion Indians,” said Saurabh Saxena, co-founder and arch controlling at Holachef.
Mint had in April appear that Ola may accession beginning funds for Foodpanda and was in talks to access Freshmenu (Foodvista India Pvt. Ltd) and private-label aliment firms.
While India’s food-tech amplitude has apparent accelerated amplification in the accomplished brace of years, several startups—including TinyOwl, Yumist and Dazo—operating in the area accept shut shop. Bengaluru-based SpoonJoy was acquired by online advantage close Grofers in 2015.
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