The real reason why 500 people lost their job at FoodPanda
After Zomato and TinyOwl, FoodPanda India has announced that it is laying off over 500 employees - What's going wrong here?
FoodPanda is a known name in the Indian food ordering business - presence in all top cities and most restaurants seem to be covered by them - they announced lay off's today and the unofficial number of people fired stands around 500. So what exactly is going wrong here? Is there something wrong in the food delivery business model in India (given the recent lay off's at TinyOwl and Zomato)? Or is this is bigger phenomenon of the start-up ecosystem itself? Let's look a bit deeper into this issue.
Why suddenly grow from 180 people to 1,200 in 10 months and then fire 500 people?
According to to official statement of FoodPanda, they rapidly grew from 180 people in Febru...