Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 02 2016

No plans to leave the country, CEO Foodpanda

"We are growing very fast in India and will be in the top three markets globally for the company by FY19. India is a very strong market for us," said Saurabh Kochhar, Foodpanda India CEO.

Foodpanda, online food ordering and delivery firm expects India to be among its top three markets globally by fiscal 2019, even as it rubbished the reports of the company exiting the country, reported PTI.

"We are growing very fast in India and will be in the top three markets globally for the company by FY19. India is a very strong market for us," said Saurabh Kochhar, Foodpanda India CEO.

The local unit of the Berlin-headquartered company is the market leader in Indian food ordering industry, he added. The top markets for the company are Russia, Singapore, Hong Kong, Saudi Arabia, India and Malaysia.

When asked about the reports that the company was looking to exit from the country, Kochhar said, "We have no plans to exit from the Indian market. We are best placed to grow and consolidate our leadership in the Indian market."

According to Kochhar, during the last one year the company has seen 10 times growth in orders. "So we are looking to expand."

Foodpanda is eyeing profitability in India by FY19 as it continues to focus on technological innovations combined with adjustments to its business model.

Presently, the company is in 40 countries and has 12,000 restaurant partners across over 200 cities in India with over 2,000 employees.

Comment
image
Related opportunities
  • Bars, Pubs & Lounge
    About Us: Amidst the hustle and bustle of the city lies Baraza..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: Bombay Kulfis set up their base in July 2016..
    Locations looking for expansion Andhra pradesh
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • About Us: Zota Healthcare Limited manufactures and markets pharmaceutical products in..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: The Louis Unisex Salon is an exclusive Global Circle..
    Locations looking for expansion Uttar Pradesh
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities