Rocket Internet backed online food ordering service, FoodPanda has secured over US$ 20 million funding from a group of investors including Investment AB Kinnevik and Phenomen Ventures. The company focuses on emerging markets, operates together with its affiliated brand HelloFood.
Ralf Wenzel, global managing director said “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.”
Recently, 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. Launched in April 2012, the online portal claims to co-ordinate with more than 15,000 restaurants and has recently took over the competitor Ételvitel KFT in Hungary.
FoodPanda has presence 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.