Online food delivery aggregator Foodpanda has launched a corporate account product which will let employees of companies and companies order and pay for meals in offices. According to its press statement, the product is live with corporate customers in India, Singapore, Hong Kong, Indonesia and Philippines, with plans to expand to 40 more markets. As of now, foodpanda claims to list menus from 12,000 restaurants across 200 cities in the country. Companies can allocate food budgets, employees can share food costs Companies will be able to set budget allowance for food along with order frequency, date and time. The service will let employers set maximum order values for lunch, dinner, weekday and weekend orders and provide detailed ordering reports and monthly invoices. According to foodpanda, this will save the company the hassles of paper receipts and streamline accounting. Employees will be able to place group orders, shared orders to merge allowances and pay for the exceeding (over the allocated budget) amount with private credit cards. A survey conducted by the company with over 1,000 participants states that fully reimbursed meals topped the list of potential office perk options, closely followed by financial support for education and gym memberships. It added that 74% of corporate employees eat lunch at office, 21% stay at their desks for dinner, over 50% spend over an hour getting food from outside office, while 60% are willing to stay longer and voluntarily work on weekends if the company provides food. Funding from Goldman Sachs and Rocket…
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