August 11, 2014
Rocket Internet’s food delivery service, foodpanda, announced today they have raised $60 million in funding from a group of investors, including existing investors Falcon Edge Capital as well as Berlin-based Rocket Internet AG.
Foodpanda is affiliated with the brands hellofood and Delivery Club in emerging markets. This round brings the total raised by the company to $108 million. The marketplace helps restaurants increase delivery sales through online and mobile platforms. Customers can choose their favorite meal online, and foodpanda sends the order directly to the restaurant, which delivers the meal to the customer.
“We are very pleased by the sign of confidence and the acknowledgment of our current success. 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,” says Ralf Wenzel, global managing director foodpanda/hellofood.
The company has recently launched its next-generation mobile application available on major platforms. The service is available in over 40 countries.
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