Rocket Internet’s global food delivery marketplace foodpanda/ hellofood has raised $60 million from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet AG to send your kitchen packing for good.
Active in more than 40 countries on five continents, the online and mobile food ordering and delivery marketplace will use the cash to make it easier for local restaurants in its various markets to increase delivery sales and up its customer care services for online orders and delivery cordination with restaurants.
According to Ralf Wenzel, Global Managing Director foodpanda/hellofood: “ The new funding will be invested in continuous growth in our existing markets, by partnering with even more restaurants in more cities and further improving customer service. We want to establish ourselves as the market-leading food delivery marketplace, creating the most convenient way to order food – wherever you are.”
Since its launch in 2012, foodpanda/hellofood has raised over $100 Million and recently acquired competitor Delivery Club in Russia.
In 2013, foodpanda secured more than $20 Million funding from Phenomen Ventures and Investment AB Kinnevik, and $8 million from iMENA Holdings. Another $20 Million from a group of investors, including Phenomen Ventures, was collected in February 2014.
You must be logged in to post a comment.