Foodpanda planning QSRs, say reports
By Retail4Growth Team | May 24, 2019
According to reports, the food delivery brand that was recently acquired by Ola, will continue to focus on cloud kitchen business.
Food delivery platform Foodpanda, owned by rides aggregator company Ola, plans to open physical outlets for its private label brands, according to media reports.
According to an ET report, Foodpanda plans to open outlets for its private label brands, The Great Khichdi Experiment, Lovemade and FLRT, and list them on other food delivery apps as well as its own online platform.
As per media reports, the company plans to open quick service restaurants (QSRs) at technology parks, airports and railway stations. Reports also say that even as Ola-Foodpanda moves away from the online food delivery model, the company will continue to focus on its cloud kitchen business model.
“As part of our ongoing business re-purposing initiatives, we are focused on building a portfolio of own food brands and curated food offerings through our fast expanding network of kitchens,” an Ola spokesperson is reported to have said.
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