In what is believed to be a distress sale, the transaction, the financial terms of which were not disclosed, will see Foodpanda take over Holachef’s business including its kitchens, equipment as well as absorb the latter’s employees.Additionally, the deal also marks Foodpanda’s entry into the cloud kitchen space, currently dominated by the likes of Faasos, FreshMenu, Swiggy and Zomato. Holachef founders, Saurabh Saxena and Anil Gelra, are expected to join Foodpanda’s leadership team, according to the company-issued statement