Foodpanda started as a food delivery platform that allowed customers to order food from various restaurants through its website and mobile app.
Foodpanda faced an uphill battle to gain market share against established competitors such as Zomato and Swiggy.
The high cash burn rate was unsustainable, especially when the company was unable to achieve profitability or a strong market position.
Foodpanda faced challenges in optimizing its delivery operations, leading to customer dissatisfaction due to late deliveries or order errors.
In response to these challenges, Foodpanda made the strategic decision to exit the Indian market in 2020. The company decided to reallocate its resources and focus on markets where it had a stronger presence and a better chance of success.
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Foodpanda Business Failure Story
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