Post acquisition, Foodpanda will take over business of Holachef including its kitchens and equipment.
Ola-owned food delivery firm Foodpanda has acquired Holachef, the Mumbai-based food-tech venture. The acquisition will enable Foodpanda's entry into the cloud kitchen network and will help it to go deeper into the food-tech ecosystem.
Pranay Jivrajka, CEO of Foodpanda India, said, "At Foodpanda, we are committed to building for unique local tastes and palate choices of the Indian consumer. Through the Ola platform, we also have an unmatched access to over 150 million customers and an understanding of their preferences. We have been able to bring an enhanced experience for millions of customers over the past year. We aim to build India's largest cloud kitchen network that will be a major step in further elevating the food experience for our customers."
"I am delighted to welcome the Holachef team on board and look forward to their joining us in our mission of delivering superior food experiences to a billion Indians," he further stated.
Post acquisition, Foodpanda will take over the business of Holachef including its kitchens and equipment. It will also bring onboard Holachef's employees. The founders of Holachef are set to join Foodpanda's leadership team.
Saurabh Saxena, Co-founder of Holachef, said, "Our mission with Holachef is to serve incredible food experiences to customers through kitchens with the highest quality & hygiene standards. We are delighted to join hands with Foodpanda, to accelerate our mission. We are thrilled to be part of Foodpanda's and Ola's passionate team that is truly changing the food experience for a billion Indians."