Ola suspends Foodpanda India’s delivery business, lays off several employees

The Foodpanda app in use on a smartphone. Photo: Livemint

About 18 months after acquiring Foodpanda India, ANI Technologies Pvt. Ltd-owned Ola has suspended the company’s food delivery business, laid off about 40 mid- to entry-level employees and terminated the contracts of most of its 1,500 food delivery executives, four people aware of the development confirmed.

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