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Ola Acquires Food Delivery Startup Foodpanda

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OLA ACQUIRES FOOD DELIVERY STARTUP FOODPANDA, Ola acquires Foodpanda India commits $200 million for food delivery biz, Ola acquires Foodpanda India second attempt at food delivery, Ola acquires Foodpanda to enter food delivery business in India, startup stories

Ola, the homegrown taxi hailing startup has acquired the online food ordering and delivery startup, Foodpanda in exchange for a percentage of Ola’s stock. The cab aggregator startup announced a further investment of $ 200 million into Foodpanda’s India business over a period of time.

Ola has acquired the food delivery company from its German parent Delivery Hero in an all stock deal. However, the details of the share stock acquisition were not disclosed. With this acquisition, Ola will be able to enter the online food ordering and delivery industry.

Speaking about the acquisition, the co founder and Chief Executive Officer of Ola Bhavish Aggarwal said, “Our commitment to invest $ 200 million in Foodpanda India will help the business be focused on growth by creating value for customers and partners. With Delivery Hero’s global leadership and Ola’s platform capabilities with unique local insights, this partnership is born out of strength.

Post the acquisition, the current Chief Executive Officer of Foodpanda, Saurabh Kochhar will move on from his current role. Meanwhile, the founding partner of Ola, Pranay Jivrajka will take on the business as interim CEO. According to the transportation startup, the $ 200 million investment by Ola is more capital than any of Foodpanda’s competitors in India have raised to date. This collaboration will help Foodpanda India grow as the most preferred online food delivery service in the country, Ola added in a statement.

Speaking about the new partnership with Ola, the Chief Executive Officer and co founder of Delivery Hero, Niklas Östberg said,“The partnership with Ola will allow us to further consolidate markets where it strategically makes sense to collaborate with leading local players. At the same time, we consider our stake in Ola as a very valuable asset, while Ola’s investment commitment in Foodpanda India is a clear and confident signal to the Indian market.” 

Recently, Ola, based in Bengaluru, raised $ 1.1 billion from SoftBank Group and Tencent Holdings and is looking to further receive another $ 1 billion from the investors. FoodTech giants such as Swiggy and Zomato currently dominate the lucrative food delivery industry, while global taxi hailing firm Uber has also launched its food delivery service UberEATS in the Indian market.

Last month, Swiggy launched its mobile kitchen service, Swiggy Access and went on to acquire gourmet food startup 48East. The online food ordering and delivery platform also announced a new partnership with the employee benefits provider, Sodexo. Meanwhile, Zomato launched its exclusive membership programme, Zomato Gold, which provides users exclusive dine out services including complimentary meals and drinks.

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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BharatGPT

CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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