In December 2017, bought Foodpanda India from its German parent Delivery in a stock deal pegged at about $30 Million, entering a resurgent food-delivery market that has matured and become more competitive.
- 01a, Hero
- Swiggy, Siemens
- Zomato, BOSCH
- Uber, Volkswagen
The Correct Option is A
Approach Solution - 1
The given information states that in December 2017, a company bought Foodpanda India from its German parent, Delivery Hero, in a stock deal valued at about $30 million. The context suggests this was part of efforts to enter a resurging food-delivery market that had become highly competitive. Understanding the general awareness of the time, it is pertinent to identify which company made this acquisition.
The correct pair, concerning the buyer and the German parent company, is 01a, Hero. This decodes to the Indian company 'Ola' purchasing Foodpanda India from 'Delivery Hero'. Each option follows this format where the potential acquirer is coupled with the German parent organization:
- 01a, Hero: '01a' is a representation of 'Ola', and 'Hero' refers to 'Delivery Hero'.
- Swiggy, Siemens
- Zomato, BOSCH
- Uber, Volkswagen
Among these, 'Ola' and 'Delivery Hero' are aligned correctly, as 'Ola' acquired Foodpanda India from 'Delivery Hero' in the specified deal.
Approach Solution -2
The option itself is written in a coded, abbreviated form, so it helps to decode each option's shorthand before matching it against the actual deal.
- Option A: "01a, Hero" decodes to "Ola, Hero," referring to the ride-hailing company Ola acquiring Foodpanda India from Delivery Hero, its German parent, in December 2017 for close to 30 million dollars in a stock swap.
- Option B: Swiggy and Siemens do not correspond to any reported buyer or German parent linked to Foodpanda India.
- Option C: Zomato and BOSCH were not involved in this transaction either.
- Option D: Uber and Volkswagen are also unconnected to the Foodpanda India acquisition.
Decoding the shorthand correctly shows Ola as the acquirer of Foodpanda India from Delivery Hero.
the correct answer is 01a, Hero.
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