foodpanda receives over US$ 20 million funding
Berlin, 7th of May 2013 – foodpanda, the fastest growing food delivery service worldwide, secured more than US$ 20 million funding from a group of investors among them Investment AB Kinnevik and Phenomen Ventures. The company focuses especially on emerging markets, operates together with its affiliated brand hellofood already in 27 countries on four continents and reaches about three billion people worldwide: www.foodpanda.com.
In the last months, foodpanda and hellofood expanded into 15 more countries and launched a mobile app for iOS and Android, which is already the leading food delivery app in most countries. foodpanda cooperates with more than 15,000 restaurants and is already market leader in the majority of the countries the company operates in. foodpanda recently also took over the competitor Ételvitel KFT in Hungary.
Ralf Wenzel, global managing director: “Winning the trust from these well-known and experienced investors is a great achievement for such a young company and emphasizes the position of foodpanda as the most global food delivery service. With the new capital we will make another huge step forward to further accelerated growth and optimized customer service. It’s our goal that foodpanda comes into everyone’s mind, when thinking about ordering food.”
foodpanda together with its affiliated brand hellofood is the leading group of online food ordering platforms active in 27 countries. It helps restaurants to increase sales through online and mobile platforms and provides them with constantly evolving technology and analytics.
For consumers, foodpanda offers an online marketplace with widest gastronomic range, including e.g. salads, pizza, burger and sushi. Consumers choose their favorite meal on the platform or via app; foodpanda processes the order to the restaurant that delivers to the doorstep.
foodpanda and hellofood are offering their services in India, Indonesia, Malaysia, Pakistan, Singapore, Taiwan, Thailand, Vietnam, Ghana, Ivory Coast, Kenya, Morocco, Senegal, Nigeria, Russia, Argentina, Brazil, Chile, Colombia, Mexico, Peru, Hungary, Venezuela, Poland, Ukraine, Romania and Saudi Arabia.
Please download the press release here