According to many sources the OLA company had bought food panda on 29 th December 2017.
Recently The OLA company suspended the food panda company’s employee services.the company gave the axe to contacts of about 1500 executives.
Foodpanda was OLA’S second attempt after setting up Ola cafe in 2015 and shutting it down soon due to unpropitious responses.
According to various sources OLA will continue to further lubricate its cloud kitchen’s as many restaurants are not available on The Foodpanda app.
OLA is now shifting and drawing its bid from food delivery business and is in talks with companies like dunzo and zomato to relist its cloud companies.
OLA took decision to suspend its food delivery business as Foodpanda brought only about 5000 orders everyday whereas competition companies like ubereats , swiggy and zomato brought about 1.1 million orders per day.
OLA has bought 3 companies under its cloud kitchen business which are the great kitchen express ,holachef and others .
According to many sources restaurants will have to give 40% of the total amount to its restaurant partners which will lead to a lucre every order.Lets see how this business strategy works for the OLA company to turn Foodpanda from zero to hero.
What do you think? Will Ola once again try it’s hand on the food delivery service? Or is done for good? Comment down below…
Written by Krish Shah, Student of V.C.W Arya Vidya Mandir School.