Foodpanda by deliver hero in 70 countries. failure time line
2015 - food panda spread across 200 cities in the country bought few companies and became strong
2016 - fired 300 employees
2017 - it went in loss started looking for buyer.. Ola bought Food panda at very low throw away price of $50M and spent $200M extra on it in offering Discounts
2018 - Foodpanda reached 2 lakh orders per day with attractive offers..
2019 - 5k orders per day as offers stopped.. and fired 1500 employees..
2020 - they closed it..
looks like there is so much business in food delivery but people are not able to do business in profits...
why dont you use your skills and make a best delivery app and start it in 200 cities like them but get success.. ..
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