Restaurant Franchise Opportunities

funding Feb, 07 2014

Foodpanda raises funding

Receives USD 20 million funding.

By Franchise India Bureau
Foodpanda raises funding

Foodpanda, an online food delivery website, gets USD 20 million funding from a group of investors including Phenomen Ventures. The company aims to continue its global ambitions by capturing over 40 markets by the end of the first quarter of 2014.

Rohit Chadda, MD & Co-Founder, Foodpanda, said, “We are already the largest online food ordering platform globally with over 22,000 restaurants listed on our platform. This round of investment will be utilised to continue our expansion both globally into new markets as well as existing ones.”

Related: Gujarat-based QSR chain Neopolitan Pizza secures funding

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