Foodpanda acquires Holachef

/2 min read

ADVERTISEMENT

The acquisition will allow Foodpanda to build curated food experiences with its cloud kitchen network
Foodpanda acquires Holachef
 Credits: Pexels

Foodpanda, the country’s fastest growing food delivery company, on Tuesday said it acquired Mumbai-based food-tech venture Holachef for an undisclosed amount.

With this acquisition, Foodpanda makes a strategic entry into cloud kitchens. It plans to launch its own brand of food products in different categories.

Foodpanda will build deeper capabilities to serve the diverse needs of millions of Indians by bringing different trusted offerings tailored to the needs of specific customer segments alongside an enhanced food ordering experience, the company said in a statement. With India’s largest food delivery network of 125,000 delivery partners, Foodpanda is well poised to address the increased demand on its platform.

“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,” said Pranay Jivrajka, chief executive of Foodpanda India, in the statement.

fortune magazine cover
Fortune India Latest Edition is Out Now!
The Year Of EV Launches

September 2025

2025 is shaping up to be the year of electric car sales. In a first, India’s electric vehicles (EV) industry crossed the sales milestone of 100,000 units in FY25, fuelled by a slew of launches by major players, including Tata Motors, M&M, Ashok Leyland, JSW MG Motor, Hyundai, BMW, and Mercedes-Benz. The issue also looks at the challenges ahead for Tata Sons chairman N. Chandrasekaran in his third term, and India’s possible responses to U.S. president Donald Trump’s 50% tariff on Indian goods. Read these compelling stories in the latest issue of Fortune India.

Read Now

As part of the acquisition, Foodpanda will take over Holachef’s business, including its kitchens, equipment, as well as bring onboard the company’s employees. Holachef’s founders are set to join Foodpanda’s leadership team.

“Our mission with Holachef is to serve incredible food experiences to customers through kitchens with the highest quality and hygiene standards. We are delighted to join hands with Foodpanda, to accelerate our mission,” said Saurabh Saxena, co-founder of Holachef.

Foodpanda, a part of app-based cab aggregator Ola, recently entered its 20th city, as part of its aggressive expansion across the country. It processes over 300,000 orders a day from more than 25,000 restaurant partners across the country.

Last December, Ola acquired Foodpanda India from Germany-based Delivery Hero Group, marking its re-entry into the food delivery space. At that time, Ola had also committed to invest another $200 million in the firm, in what the industry saw as a bid to take on rivals UberEats, Zomato, and Swiggy. Ola’s earlier food delivery initiative, Ola Café, had failed to take off in 2015.

Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.