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Online Food Delivery Startup Foodpanda Reported 64% Jump In Profit
BUSINESS

Online Food Delivery Startup Foodpanda Reported 64% Jump In Profit

Indian food delivery startup Foodpanda has reported its latest revenue figures FY 16-17 which reflect a 64 percent jump in the revenue over the last years. The food-delivery company earned Rs. 62.16 crores in FY 16-17 compared to Rs. 37.81 crores in FY 15-16 owing to strong order growth in key markets. Wrapping up a strong year for the brand, foodpanda India also registered an impactful 69 percent dip in losses at Rs. 44.81 crores from Rs. 142.64 crores in FY15-16. The company has been running profitable since 2015 and is still investing in its tech and services to strengthen its services across the country. Also Recommended Could Maggi Be Banned Again? Ash Content Beyond Permissible Limits Found     Bitcoin Tops $10,000, Taking 2017 Gains To 940 Percent     ...