Foodpanda to invest 400 cr in delivery network

Leading online marketplace for food delivery, Foodpanda, is planning to invest Rs 400 crores in the country.

The investment will focus on scaling up technology, ensuring seamless experience for partner restaurants, users and riders across all the metros and other key cities in the country.

Additionally, the company plans to hire 25,000 delivery riders in the next 12 to 15 months.

Commenting on the announcement, Pranay Jivrajka, CEO, Foodpanda India said,"Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry. We at Foodpanda recognise this and are investing Rs 400 crores to further strengthen our delivery network across all the metros and other key cities."

With a focus on strengthening relationships with partner restaurants, Foodpanda is going to enable them with robust backend technology and provide assistance through their own delivery network.

The company also looks forward to creating targeted interventions for key partner restaurants to create a significant long-term business value.

A strong technology backend and a dense logistics network would also ensure better services for present and prospective customers.

The investment will focus on creating transparent, more efficient and time saving procedures for delivery logistics. The investment would also entail partner and rider recognition programs for better performance.