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Udyamee

Baki sab thik ? • 1y

𝗪𝗵𝗮𝘁 𝗪𝗲𝗻𝘁 𝗪𝗿𝗼𝗻𝗴: 𝘄𝗶𝘁𝗵 𝗙𝗼𝗼𝗱𝗽𝗮𝗻𝗱𝗮?🐼 Remember those SRK ads for Foodpanda in 2015-16? Founded in 2012 in Singapore, it quickly became a leading food delivery platform expanding rapidly in Asia by acquiring existing brands. In India, they purchased TastyKhana.in and Just Eat India in early 2015, achieving around 200,000 daily orders. Despite this growth, they failed so: #What Went Wrong? • Operational Issues: Rapid expansion without building a solid product led to inefficiencies like delivery delays, incorrect orders, and poor coord. with restros. • Frequent Management Changes: After Rocket Internet investment, OG founders started to leave. Not familiar with Rocket Internet, check out my previous Jabong post. • Fierce Competition: By the time they gained momentum under Ola, Swiggy and Zomato had dominated the market. • Financial Struggles: Poor tech infrastructure led to lack of trans. records, allowing exploitation frm cust., Restros to dlivery partner👇

10 Replies

Replies (10)

Udyamee

Baki sab thik ? • 1y

@Medial characters limit😫 How It Ended Up?! After Rocket Internet's investment in Foodpanda, the company was soon sold to Delivery Hero in 2016, a German multinational online food ordering and delivery company. This marked the beginning of Foodpanda’s downfall. It started shutting down operations in various countries, and similarly, in India, on December 11, 2017, it was acquired by Ola. Despite burning through hundreds of millions of dollars, Ola suspended Foodpanda operations in India in 2019. From this remember Always to build a solid tech infrastructure, and research the history of the people you are taking funding from. WWW #3

1 Reply

Anonymous 1

Hey I am on Medial • 1y

Founders ki baddua agar kisike paas hai toh woh hai rocket internet

1 Reply

Hawk
•

Devza • 1y

Prime example of giving unnecessary discounts at the cost of operations and then failing for lack of funds

1 Reply

LIKHITH

"You never know" • 1y

Order once using food panda 🐼

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𝗪𝗵𝗮𝘁 𝗪𝗲𝗻𝘁 𝗪𝗿𝗼𝗻𝗴: 𝗪𝗶𝘁𝗵 𝗷𝗮𝗯𝗼𝗻𝗴! 📉 Jabong, once a favorite fashion shopping destination in India, was founded in 2011 by Arun, Pravin, Lakshmi, and Manu Kumar Jain( MI guy ). Their mission was to revolutionize how people bought

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