FreshMenu

Acquisition will allow Foodpanda to build curated food experiences with its cloud kitchen network

It may go deeper into the food-tech ecosystem with Holachef

Foodpanda currently has a delivery network of 125K partners

FreshMenu is looking at a valuation of $250 Mn with the upcoming funding round

The funds will be used for setting up more kitchens in the existing cities

It is also looking forward to expand in other cities such as Pune and Hyderabad

Food delivery Unicorn Zomato’s newest investor — Ant Financial — has secured the right to become the largest shareholder in the company

Walmart has filed a share purchase agreement with the US securities regulator which states that Flipkart’s minority stakeholder Tencent has the first right to purchase investor shares in Flipkart

Also, the Supreme Court has questioned the Centre on the UIDAI tender which aimed to launch a social media wing in order to “counter” the negative ideas on Aadhaar

HaveIBeenPwned.com revealed that a breach in FreshMenu systems in July 2016 had exposed personal data including names, email IDs, phone numbers, home addresses, and order histories

Rashmi Daga, founder of FreshMenu, said the breach was limited and they would focus on resolving the vulnerability

Daga also emphasised that the stolen information comprised of names, email IDs, and phone numbers

Foodpanda claims to be receiving three lakh orders on a daily basis

Foodpanda integration with Ola will be rolled out in October

The food delivery app earlier announced it would hire 60,000 delivery riders

Ola Had Ventured Into Foodtech For The Second Time Last Year With Acquisition Of Foodpanda

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