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India’s Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. So it is making major changes to its food business.
The ride-hailing giant is pivoting Foodpanda, the Indian business of the food delivery startup it acquired in late 2017, to focus on in-house food brands, sources familiar with the matter told TechCrunch. Unlike market leaders Zomato and Naspers-backed Swiggy that work with tens of thousands of restaurants to deliver food, Foodpanda will now focus on expanding its own portfolio of private labels, sources said.
Source: India’s Ola switches gears on its food delivery business Foodpanda – TechCrunch
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