Uber Eat’s abrupt disappearance from India’s food-delivery scene yesterday (Jan. 21) has put all eyes on its rival, Ola.
“In general, Foodpanda has already thrown in the towel and plans to reduce exposure to the delivery-only market, given the declining average order value and rising costs,” said Yugal Joshi, vice-president at Texas-based consultancy Everest Group. “Therefore, (the Uber Eats deal) does not materially impact Foodpanda’s plan.”
