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Online food ordering platform >foodpanda.in is planning to break even by FY-16 with a presence in over 45 cities of the country.
According to Rohit Chadda, MD and Co-founder, foodpanda.in, the target is to reach cities having a populating of over 5 lakh over the next two years.
"Ideally, we want to break even and make operational profits over the next two years," he said.
Currently, >foodpanda.in which operates in a market place model, has a presence in 30 cities in India.
Under the model foodpanda.in has tie-ups with restaurants of a particular city. Users place orders through the site and deliveries are made by the restaurants with which it has tie-ups.
Globally, foodpanda.in competes with JustEat and has a presence in 45 countries.
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