Calcutta, May 1: Online food delivery start-up Foodpanda is keen on an initial public offer (IPO).

"We might look at an IPO in future but there are no such plans in the next one year at least. In fact, we are solely concentrating on more and more human capital and new technologies," Saurabh Kochhar, co-founder and chief executive officer of Foodpanda India, said on the sidelines of the national brand summit and excellence awards 2016 organised by Assocham in the city recently.

"Foodpanda has touched operational profitability in February on every order. This means, that on each delivery we make we earn some percentage of profit. This has been possible through a concerted effort on our technology and operational processes. Technological innovations have dramatically improved our order processing, restaurant management, vendor management and delivery metrics," Kochhar said.

In February, the start-up has hit 70,000 deliveries a day across the country, which is the highest for it till date.

Based in Berlin, Foodpanda claims to have tie-ups with over 12,000 restaurants across 150 cities in the country. Globally, it is active in 40 countries.

At present, the start-up has over $310 million in its kitty. It is open to more capital but at a right valuation. "We have ample cash in our account right now, so we are not facing any problems in managing growth," said Kochhar.