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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

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Udyamee

Stealth • 6m

@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

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