foodpanda earned a revenue of 37.81 crores in FY 15-16 compared to 4.7 crores in FY 14-15 and the company has witnessed approximataely 800% growth in revenues.
Although, the losses grew from 36 crores to 142.6 crores, the company claims to be running its services at operational profitability since February 2015.
foodpanda : Whose delivery is it anyways?
At present, 40% of the orders are delivered by foodpanda delivery services and the rest 60% orders are delivered by restaurants (during December 2015, only 25% of the orders were delivered by foodpanda delivery services).
Compare this with Swiggy’s revenue which recorded a revenue of Rs. 24 crores (against a loss of Rs. 137 crores)
foodpanda aims to turn profitable by FY 2019 by achieving 100% automation.
foodpanda has raised $310mn so far, with the last round raised $110 million from investors led by hedge fund Goldman Sachs Investment Partners in 2015.
Meanwhile watch this quirky ad from foodpanda
