Ola acquired 100% stake in Foodpanda India for $31.7 million

Cab aggregator Ola acquired Foodpanda India from Germany-based Delivery Hero Group for $31.7 million (nearly ₹202 crore). Delivery Hero reportedly invested $27.3 million (₹174 crore) in Ola, acquiring 1% stake in the ride-hailing company, as part of the deal. The acquisition marked Ola's return to the Indian online food delivery space after Ola Cafe shut down in March 2016.