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Another distress sale? Ola-owned Foodpanda may acquire Holachef

Thursday, August 2, 2018, 6:40 PM

Months after acquiring food delivery platform Foodpanda, distress sale, ride-hailing firm Ola is still to make any noise in food delivery space. Though Ola might not have delivered much even after pumping in $200 million into its newly-acquired entity, it hasn't abandoned plan in food delivery segment. Holachef, which reportedly shut shop three months ago, had raised a total of $9.6 million in funding.

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