Foodpanda, India’s largest online food ordering platform will be kickstarting the festive season with the exclusive launch of Pizza Hut’s newest seasonal offering. Available only through online ordering.
Jasper Infotech, which owns and operates online marketplace Snapdeal, has raised a further $21 million (about Rs 140 crore) from Luxembourg-based investor, Clouse SA, as part of its ongoing funding round.
The next big thing after the regular ecommerce retailers like Amazon, Flipkart and the food startups like Box 8, Yumist and Chaipoint, which seems to be driving investors crazy is Travel tech and wellness apps that would help balance out the overflowing investment.
The online food ordering platform, Foodpanda, has sacked over 300 of its employees citing automation, which constitute nearly 15 per cent of the company’s overall workforce in the country.
The company issued a statement saying the decision to cut jobs was taken after it achieved about 98 per cent automation rate in order processing, helped by a combination of stronger processes and controls to make operations more efficient.