Foodpanda, an Ola-owned online food delivery company, has acquired Mumbai-based food-tech platform Holachef. Through this acquisition, Foodpanda marks its entry into cloud kitchens.
Foodpanda currently has a delivery network of 125K partners. 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.
“Through the Ola platform, we have an unmatched access to over 150 million customers and an understanding of their preferences. With Holachef, 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, CEO of Foodpanda India.
Holachef was founded by Saurabh Saxena and Anil Gelra in 2015. The platform acts as an aggregator and connects customers with chefs across the city.
Customers can order via the mobile app or the desktop and it also claims to offer a new menu selection every day, as per its website.
“Our mission with Holachef is to serve incredible food experiences to customers through kitchens with the highest quality & hygiene standards. We are delighted to join hands with Foodpanda, to accelerate our mission. We are thrilled to be part of Foodpanda’s and Ola’s passionate team that is truly changing the food experience for a billion Indians,” said Saurabh Saxena, Co-founder of Holachef.
The latest acquisitions will help Foodpanda expand its cloud kitchen network across top cities in India.