foodpanda raises USD 60 million in new funding round

Monday 11 August 2014 13:00 CET | News

foodpanda, a global food delivery marketplace, along with its affiliated brands hellofood and Delivery Club, have gained a new financing round of USD 60 million from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet.

foodpanda/hellofood has raised over USD 100 million since its launch in 2012 and, more recently, it has acquired the food delivery company Delivery Club.

The marketplace helps restaurants increase delivery sales through online and mobile platforms, and provides them with technology and analytics. Customers can choose their favorite meal online, and foodpanda sends the order directly to the restaurant, which delivers the meal to the customer. The company has recently launched its mobile application available on major platforms.

In 2013, foodpanda secured more than USD 20 million in funding from Phenomen Ventures and Investment AB Kinnevik, and USD 8 million from iMENA Holdings. Another USD 20 million was collected in February 2014, from a group of investors, including Phenomen Ventures.

foodpanda, together with its affiliated brand hellofood and Delivery Club, is a global online food delivery marketplace, active in more than 40 countries on 5 continents.

The company enables restaurants to become visible in the online and mobile world and provides them with online technology.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: foodpanda, hellfood, Delivery Club, food delivery marketplace, ecommerce, online sales
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce