Ola is all set to take on Uber after it acquired Food panda!
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After Acquiring online food delivery start-up Food panda, India, Ola is all set to take on its biggest rival Uber. It is planning to pose the biggest challenge to Uber. We all are aware that Uber has stepped into food delivery business through its unit, UberEATS, which was launched in May this year.
Incidentally, Ola attained Food panda from its German parent Delivery Hero in an all-stock deal, though the details of the transaction were not revealed. This deal surely marked Ola’s venture into the online food delivery segment, a business which is being led by the likes of Zometa and Swiggy in India.
The ride-hailing firm plans to pump in $200 million in Food panda India’s operations in its bid to emerge as the most preferred online food delivery service in the country. In 2012, Food Panda was set up as the local unit of Germany based Food panda GmbH. The company achieved a lot of popularity in India but couldn’t earn profits and conceded market share to rivals.
Reports say that Ola’s main target is to pose a tough competition to Uber, which is also going aggressive in the food delivery department.



Revanth Reddy sensational comments on Megastar Chiranjeevi
Revanth Reddy sensational comments on Megastar Chiranjeevi
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Revanth Reddy literally targeted former CM YS Rajasekhar Reddy, while the latter was alive. After joining TDP, it looks like Revanth Reddy is following the footstep of former CM YSR. During his time, Rajasekhar Reddy alleged Chandrababu Naidu over money laundering, disproportionate assets and various aspects. YSR also stated that Chandrababu Naidu had links with Murali Mohan, who had seen great success in Real estate before Congress came into government in 2004.
The latest buzz is that Revanth Reddy made sensational comments on Megastar Chiranjeevi. Revanth Reddy alleged that Chiranjeevi had illegally occupied 2 acres of Government land in Gachibowli with Survey No. 83/1. He further stated that Chiranjeevi had given the occupied land for lease to a TRS MP, who is close to the Telangana State Chief Minister K Chandra Sekhar Rao.
This kind of allegations from Revanth Reddy is not known. After TRS came to the power, Revanth Reddy alleged that ‘N Convention’ Centre, which belongs to Akkineni family grabbed certain portions of government lands illegally. Even in the Tollywood drugs case, Revanth stated he has some vital key information. Shockingly, Revanth was never seen speaking about these allegations. Many have expressed the opinion that, Revanth Reddy makes this kind of comments only to stay in the limelight.
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