• ALL DEALS
    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions

    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions Foodpanda has become profitable in two of its three operating regions, Central and East Europe and the Middle East, with profits in Asia a function of how quickly it can grab market share, its chief executive said on Tuesday. The emerging markets food delivery […]

  • NEWS
    Foodpanda fires over 500 employees, will stop own delivery in six cities

    In 2014-15, Foodpanda recorded a loss of Rs36 crore, on a revenue of Rs4.8 crore. Photo: Ramesh Pathania/Mint Mumbai: Online food ordering start-up Foodpanda India has laid off close to 500 employees, according to two people aware of the development. The layoffs ordered on Monday covered all business segments—sales, marketing, vendor service, customer delight, business […]

  • NEWS
    The link between Capricorn eServe and former Foodpanda MD Rohit Chadda

    A file photo of Rohit Chadda. Documents in Mint’s possession show that Capricorn’s story started in February 2015 when Chadda decided to set up the company as a partnership firm. Photo: Ramesh Pathania/ Mint Mumbai: A follow-up investigation by Mint into the lapses and frauds at food-tech start-up Foodpanda has revealed that the former managing […]

  • ALL DEALS
    Foodpanda changes India strategy in revival bid

    Foodpanda, which until now has been driven by technology developed at its headquarters in Berlin, has also started to build its products locally. Photo: Ramesh Pathania/Mint New Delhi/Mumbai: Online food ordering company Foodpanda is revisiting its India strategy by outsourcing delivery and is also looking to start its own kitchen, a comparatively higher-margin business, as […]