Ola denies suspending food delivery business of Foodpanda

Ola on Wednesday denied the media reports that claimed that the company has dropped its food delivery vertical Foodpanda.

"We continue to invest in expanding our facilities and kitchens, as well as our portfolio of food offerings for customers. We remain committed to our mission of building a superior food experience for millions of our customers," said an Ola spokesperson.

Earlier, a Mint report said that cab aggregator Ola, the owner of Foodpanda, has suspended its food delivery business, laid off around 40 mid- to entry-level employees and ended the contracts of about 1,500 food delivery executives.