Rocket Internet

Ola has acquired Foodpanda for around $50 million. After the short-lived Ola Cafe, this is Ola's second venture into food business in response to UberEats.

Online food ordering service Foodpanda, backed by Rocket Internet, has become profitable in two large regions it operates in - Central and East Europe and the Middle East Asian countries. Zomato had also become profitable in 6 regions…