Ola suspends Foodpanda’s food delivery business, trims staff count: report

Ola wants to focus on its cloud kitchen business it launched after Foodpanda took over Mumbai-based food-tech startup Holachef in October last year.

Cab aggregator Ola which acquired Foodpanda 18 months ago has suspended the company’s food delivery business, sacked around 40 mid-to entry-level employees and ended the contracts of about 1,500 food delivery executives.

However, the food-tech vertical of Ola will continue the operations of its in-house brands or cloud kitchens, LiveMint reported

The move comes amid the company struggling to keep the business afloat since the last couple of months and compete with rivals Swiggy, Zomato and Ubereats, according the report.

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