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
Download the medial app to read full posts, comements and news.