Foodpanda | Pixr8 News

26Jan By PriyankaNo Comments

FUNDING

Online School Aggregator Platform SchoolForSure.com Raises Funding Led by Foodpanda Co-founder Rohit Chadda

New Delhi based online school admissions platform SchoolForSure.com has announced raising an undisclosed amount in angel funding from private investors amongst which is Rohit Chadda, co-founder Foodpanda & founder, PayLo, it said in a statement. SchoolForSure.com which operates a single platform for filling master application form for all schools enables parents to apply to multiple schools in a single click without having to visit each school. The young startup will use the proceeds to expand its team and increase its reach to more geographies. The platform was launched late last year and is presently operational in Delhi and allows nursery admissions to over 100 schools, the firm said in a statement. Rishi Shukla, co-founder & CEO of SchoolForSure.com said, “We are trying ...

Berlin-based Delivery Hero Acquire Food Delivery Platform Foodpanda

10Dec By NitishNo Comments

ACQUISITION

Berlin-based Delivery Hero Acquire Food Delivery Platform Foodpanda

Berlin-based online food takeaway service Delivery Hero, one of Europe's biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe's sought after food-delivery business. Delivery Hero, which was valued at 2.89 billion euros ($3.05 billion) in its last funding round a year ago, in a statement on Saturday said it signed a definitive agreement to buy Foodpanda, itself a Berlin-based start-up. Delivery Hero and Foodpanda are both backed by German ecommerce firm Rocket Internet, which invested 800 million euros in Delivery Hero last year and holds 49.1 percent in Foodpanda which focuses on deliveries in Eastern Europe, the Middle East and Asia. Delivery Hero said in a statement the acquisition will be funded by issuing n...

Decoding: Why Food Tech Startups Are Not Successful in India?

30Aug By NitishNo Comments

Story

Decoding: Why Food Tech Startups Are Not Successful in India?

Last year before Diwali we covered an interview of a 25-year-old Bikaneri sweet shop owner from Noida "What kind of Startup Services a “Bikaneri Sweet Shop” Owner Needs?". Here we mentioned each and every point of a sweet shop owner needs from food tech startups. Though after a gap of one year we still feel that none of the food tech startups taking a lesson from it. Due to lack of perfect business model and strategy, most of the shop owners stop using online food services. Reasons Why Businesses Had to Scale Down Indian market is not mature enough to order food online. They only order food when there is a discount. Sad but true. We saw 100–150 orders from the single restaurant just for dinner on weekends when foodpanda was running a discount. Immediate next week when foodpand...

Foodpanda buys Delivery.com’s HK business, consolidating territories

18Mar By reutersNo Comments

ACQUISITION

Foodpanda buys Delivery.com’s HK business, consolidating territories

Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of U.S.-based Delivery.com as it consolidates its position in key markets while shedding assets elsewhere. Founded in 2012, Berlin-based Foodpanda expanded rapidly worldwide through nine acquisitions fuelled by $310 million in capital it raised in six tranches, as online takeaway food startups enjoyed a frenzy of funding. Foodpanda, which is 49 percent owned by German emerging market e-commerce investor Rocket Internet, was active in up to 40 markets a year ago but has pared this back to focus on 24 markets in Asia, Eastern Europe, and the Middle East. It split off its 10-country Africa business and last month sold its Latin American operations to UK rival Just-Eat. The merger of Foodpanda with Delivery.com,...

The real reason why 500 people lost their job at FoodPanda

5Jan By No Comments

BLOGS

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...