Foodpanda plans to invest Rs.400 crore – Feedback

Online marketplace for food delivery, Foodpanda today announced its plans to invest Rs 400 crore in the country.

Investment would focus on scaling up technology, ensuring seamless experience for partner restaurants, users and riders across all the metros and other key cities in the country, the company said in a release. Additionally, the company plans to hire 25,000 delivery riders in the next 12 to 15 months. “Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry.

http://www.thehindubusinessline.com/companies/foodpanda-plans-to-invest-rs-400-cr/article22729472.ece

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