Food Orders and Delivery Chain Foodpanda India said on Monday that it would invest Rs 400 crore in the next 12 to 15 months and recruit 25,000 delivery riders to strengthen its delivery network. Foodpanda ready to compete against Zomato and Uber eats.
According to the statement issued by the company here, it will be done for the expansion of investment technology and logistics network, which will ensure better service protection for the customers.
Foodpanda India chief executive Pranay said, “Creating a strong distribution ecosystem supported by technology, Indian food technology is one of the most basic requirements of the industry. We have identified it in Foodpanda, so for all the metro and major cities, we will invest Rs 400 crore to strengthen our delivery network. ” He said, “We will also expand our connectivity by recruiting 25,000 delivery riders.”
In December of 2017, Ola had acquired Foodpanda and had promised to invest 1300 crores in its parent company, ANI Technologies.