Online food delivery platform is the first exit for the Munich academy of Telefonica's Wayra accelerator, which will be added to Rocket Internet's food portfolio.
Internet holding company Rocket Internet has acquired Germany-based food delivery service startup Volo, a graduate of telecommunications company Telefonica’s accelerator programme, for an undisclosed sum, TechCrunch has reported.
Volo operates an online platform that connects customers with restaurant that can deliver food to them. Its business model differs from other members of Rocket’s Global Online Takeaway Group such as Foodpanda or Delivery Hero in that it allows the restaurants to handle delivery themselves.
Volo, which launched in late 2014, is…
