Foodpanda, the restaurant delivery service backed by Rocket Internet, has laid off about 300 of its employees in its Indian unit. This means Foodpanda India, which launched in 2012, has lost 15 percent of its workforce.
The company has been hit with competition from Zomato, which began as a restaurant guide but started offering deliveries in February, as well as a host of new “hyperlocal” startups which focus on making quick deliveries from nearby businesses to homes and offices.
In India, Foodpanda is currently…
Foodpanda Lays Off 15 Percent Of Its Staff In India
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