Foodpanda, the online food ordering
and delivery startup owned by Ola, has acquired Mumbai based food-tech startup
Holachef Hospitality Pvt. Ltd for an undisclosed sum. Foodpanda will take over
Holachef’s employees and kitchen equipment’s.
Holachef marks Ola’s second
acquisition within a year, which bought Foodpanda from Germany’s
Delivery Hero in December last year. Ola, run by ANI Technologies Pvt. Ltd, is
seemingly leaving no stone unturned to fight it out in the online food ordering
space dominated by Swiggy (Bundl Technologies Pvt. Ltd) and Zomato (Zomato
Media Pvt. Ltd). Ola rival Uber India Pvt. Ltd too has entered the space
with UberEats India.
Foodpanda will foray into cloud
kitchens with its acquisitions. It also plans to launch its own food brand
across categories. The company claims to have a network of over 1 lakh delivery
partners and access to over 150 million customers. Holachef delivers
home-cooked food to customers and was operational in Mumbai and Pune. The
company, backed by Ratan Tata, Kalaari Capital and India Quotient, had raised
$9.6 million cumulatively till date, according to data from Crunchbase.
While
India’s food-tech space has seen rapid expansion in the past couple of years,
several startups—including TinyOwl, Yumist and Dazo—operating in the domain
have shut shop. Bengaluru-based SpoonJoy was acquired by online
groceries firm Grofers in 2015.
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