The company raised USD 300 million from Samwer brothers led Rocket Internet and Goldman Sachs for its global business, owler.com reports. Rocket Internet has lost interest in Foodpanda and couple of other companies like FabFurnish and PrintVenue.
In 2015, Foodpanda was thrashed because of the frauds they did in terms of registering restaurants which were shut and the hotels that were operating were not paid on time: some were not at all paid as the company said they dont have any transactions saved. Recently, Foodpanda also fired 300 people from its staff.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now