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Ola proved itself smarter than Uber in India’s food-tech space

Ola proved itself smarter than Uber in India’s food-tech space

Uber Eat’s abrupt disappearance from India’s food-delivery scene yesterday (Jan. 21) has put all eyes on its rival, Ola. With US cab aggregator Uber selling Uber Eats to Gurugram-based Zomato in a $350 million (Rs2,492 crore) all-stock deal, Ola’s food-delivery arm has been reduced to a distant third in the online food segment. “In general, Foodpanda has already thrown in the towel and plans to reduce exposure to the delivery-only market, given the declining average order value and rising costs,” said Yugal Joshi, vice-president at Texas-based consultancy Everest Group.