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Posts Tagged ‘ Foodpanda ’

Rocket Internet admits trusting everyone in India was a mistake

Thursday, October 20, 2016 | More »

Rocket Internet, the German internet venture builder, may have made certain miscalculations “in putting trust in everyone” while doing business in India, said a senior global executive while speaking at a startup event in Bangalore on Thursday. Rocket Internet – which operates on a venture bui...


Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »


Exclusive: Existing investors, HNIs back food-tech startup Petoo

Bangalore-based food-tech startup Petoo, owned and operated by Kinematic Foodtech Pvt. Ltd, has raised $500,000 from its existing investors and high-net-worth individuals (HNIs) through online deal-making platform LetsVenture. The startup will use the capital to fund its ongoing food research initia...

3 August, 2016 | More »


Why Rocket Internet’s India bets misfired

There is a scary similarity between Jabong and Foodpanda, although one is an online fashion store and the other a food-ordering marketplace. The two ventures were German Internet conglomerate Rocket Internet SE’s biggest bets in India and followed similar trajectories–from their launch, ...

27 July, 2016 | More »


Rajinikanth’s Kabali rings in rewards for Mobikwik, Foodpanda, Voonik & others

It isn’t only the producers of Kabali that are dancing in joy over the record-breaking success of the film, hordes of startups that launched marketing campaigns riding piggyback on age-defying superstar Rajinikanth, too, are celebrating. For, their decision to tread the much-beaten track of aligni...

25 July, 2016 | More »

Team ExtraaEdge

Exclusive: Edu-tech startup ExtraaEdge raises seed funding

ExtraaEdge Technology Solutions Pvt. Ltd, an edu-tech startup that helps educational institutions acquire students and increase admissions, has raised an undisclosed amount in angel funding from a group of investors including Ritesh Dwivedy, CEO of Petoo.in and Priti Padhy, global director of busine...

8 June, 2016 | More »


Foodpanda India to sack about 330 employees

Foodpanda India is laying off one in seven staffers, continuing its clean-up drive after allegations of operational irregularities rattled the Rocket Internet-owned food ordering marketplace. The company said on Tuesday it will sack 15 per cent of its employees, or 330 people, as increased automatio...

29 December, 2015 | More »


IRCTC ties up with Foodpanda for meals delivery at railway stations

Soon, you would be able to use Foodpanda’s service to order meals from your favourite restaurant while waiting to board a long-distance train. The Rocket Internet-owned food ordering marketplace has tied up with state-run Indian Railway Catering and Tourism Corporation (IRCTC) to deliver meals at ...

24 November, 2015 | More »


Foodpanda begins clean-up drive following allegations

Following allegations of irregularities in its operations involving fake restaurants and orders, food ordering marketplace Foodpanda is revoking over 500 restaurants every month. Quoting Foodpanda’s CEO Saurabh Kochhar, The Economic Times reported that the company, which was incubated by Rocket...

30 September, 2015 | More »


Foodpanda grapples with suspect orders, lack of processes: report

Rocket Internet-backed Foodpanda India is plagued by suspect orders, lack of automation and over-dependence on Excel sheets, Mint claimed in an investigative report. The food ordering marketplace has also been sewing supplier engagements with little known entities related to an erstwhile company off...

16 September, 2015 | More »

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