Berlin, Germany-based food delivery marketplace Foodpanda, along with its affiliated brands hellofood and Delivery Club, raised an additional $60m in funding.
Backers included various existing investors, Falcon Edge Capital and Rocket Internet AG.
The company intends to use the funds to strengthen and expand its position in existing countries.
Launched in 2012, the group has raised over $100m and recently acquired competitor Russian Delivery Club.
Led by Ralf Wenzel, Global Managing Director, foodpanda/hellofood helps restaurants to increase delivery sales through online and mobile platforms, and provides them with technology and analytics. It allows customers to choose their favorite meal online, and the platform sends the order directly to the restaurant, which delivers the meal to the customer.
Active in more than 40 countries on five continents, the companies of the group operate as follows:
– foodpanda operates in India, Thailand, Indonesia, Pakistan, Singapore, Malaysia, Brunei, Vietnam, Taiwan, Bangladesh, Kazakhstan, Azerbaijan, Cambodia, Hong Kong, Philippines, Russia, Poland, Ukraine, Hungary, Romania, Bulgaria, Georgia and Serbia;
– hellofood operates in Brazil, Mexico, Argentina, Chile, Colombia, Peru, Saudi Arabia, Jordan, Lebanon, Qatar, Nigeria, Morocco, Kenya, Ghana, Senegal, Ivory Coast, Rwanda, Tanzania, Uganda and Algeria; and
– Delivery Club operates in Russia.
In 2013, foodpanda secured more than $20M from Phenomen Ventures and Investment AB Kinnevik, and $8m from iMENA Holdings. Another $20m from a group of investors, including Phenomen Ventures, was collected in February 2014.
FinSMEs
11/08/2014