Brands
Foodpanda gains significant momentum; logs in 3 lac orders a day
FMUMBAI: Foodpanda, the food delivery company today announced a major milestone of achieving 3 lac orders a day. The company has seen a substantial increase in the business owing to the recently introduced offerings and its quick ramp up of delivery logistics. The company is also on a steadfast track to fulfil its earlier commitment to hire 60,000 delivery riders in the next couple of months.
In addition to the independent app and website for the platform, Foodpanda will soon be integrated within the Ola app to reach to an additional customer base of 150 million in the country. Foodpanda’s technology centre, launched earlier this year, is working with the teams at Ola to seamlessly integrate food ordering experience on the Ola app to further boost Foodpanda’s growth and enable its reach to millions of untapped consumers across the country. Starting with the key markets, the integration will be rolled out in the entire country in the next 1 month. Actively leveraging data sciences, the team is also working on customising the experience for users that will make their successive order journeys more intuitive and less time consuming.
Commenting on the milestone, Bhavish Aggarwal, Co-Founder & CEO, Ola said, “The milestone that we have achieved in such a short span of time is a testament to our passion and commitment towards creating the best food experience for our customers. We have a unique strength of a customer base of 150 million, which we have been able to delight with several industry leading innovations in the past. Integration with Ola’s platform will help Foodpanda leverage these assets along with our deep understanding of Indian customers, large scale distribution and logistical & technical prowess.”
The recently introduced The Crave Party features industry’s first offerings of Desserts from the most loved brands at just Rs 9 followed by attractive values for popular categories of Snacks starting at Rs 19 and Biryani starting at Rs 79.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
