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Rocket Internet-backed Foodpanda India, which last year faced allegations of internal fraud and misappropriation of funds, is reported to be raising fresh capital. It has mandated Mumbai-based mid-market investment bank O3 Capital for a US$40-60 million…
Foodpanda India has rubbished reports it will close down, parent Rocket Internet saying the market is one of its fastest growing internationally. “We are extremely happy with the development of our business in India,” Saurabh Kochhar, CEO, Foodpanda India…
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