Ola Cabs merges with Foodpanda in India

Dec 22, 2017Updated Jun 1, 20251 min read

Uber rival Ola Cabs has merged with food-delivery platform Foodpanda India, taking control from Delivery Hero Group of Germany.

Under the terms of the deal, as well as a handover of shares, Ola has committed to investing US$200 million into Foodpanda’s India business.

With Foodpanda India CEO Saurabh Kochhar having moved on, Ola founding partner Pranay Jivrajka will be interim CEO.

Rocket Internet-backed Delivery Hero last year pulled out of Indonesia after tough competition, while Foodpanda wound up its Vietnam business in 2015 and scaled back in India.

“The partnership with Ola will allow us to further consolidate markets where it strategically makes sense to collaborate with local players,” says Delivery Hero CEO/co-founder Niklas Östberg.

The acquisition comes shortly after Ola raised $1.1 billion in funding from Japanese telco SoftBank Group and Chinese internet giant Tencent.

Uber Eats launched in India a few months ago.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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