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Aya Lin · · 1 min readIn brief: India’s Ola slashes its budget for Foodpanda
India’s largest ride-hailing app Ola has more than halved its cash burn at food business Foodpanda.
Foodpanda slashed marketing and customer acquisition costs by two-thirds, and will focus on its private labels and cloud kitchens.
Source: Economic Times
Editing by Charmaine de Lazo
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