Foodpanda finds no takers even at $10m price tag

Foodpanda finds no takers even at $10m price tag

The Berlin-based investors of Foodpanda, Rocket Internet are making their way out of the food start up. It is searching for a buyer with the buyout price being as low as $10m, says TOI. Despite the low price they’re yet to find a buyer, which may result the company shutting down its operations in India.

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Rocket Internet also plans to exit from Indian start ups like Fabfurnish and PrintVenue including Foodpanda. Foodpanda was termed as the largest online food ordering company. 

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