Hotline: 1800 102 2007
X
Search Business Opportunities
May, 24 2017

​Foodpanda raises $431 million funds from Naspers

In December, Delivery Hero, a German online food delivery platform, acquired Foodpanda from Rocket Internet.

Online food delivery platform, Foodpanda has announced that its parent company, Delivery Hero, has raised $431.45 million (around Rs 3,000 crore) from South African internet investor, Naspers.

In December, Delivery Hero, a German online food delivery platform, acquired Foodpanda from Rocket Internet.

The money raised from Naspers will help Foodpanda beef up on its technology and delivery, a key to getting back to growth it lost to rivals such as Swiggy and Zomato.

Saurabh Kochhar, CEO, Foodpanda India, said, "We are constantly looking to strengthen and enhance our food ordering and delivery experience. We recently launched the India app and have made significant investments in the technology and delivery ecosystem. This funding will help further our goals in making the foodpanda experience impeccable, for each of our customers."

By backing Foodpanda and its India arm, Naspers is deepening its play in the country.

Bob van Dijk, CEO, Naspers, said, "Food ordering and delivery presents an attractive opportunity for us. It is a large, underpenetrated, and growing market with potential for success across a broad range of geographies that Naspers knows well. Delivery Hero has already achieved significant traction in some markets, but we believe that the vast majority of high-growth markets are at the beginning of the opportunity cycle."

Comment
image
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: Established in the year 2017, SCOSSA, a venture of..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ambala Haryana
  • Quick Service Restaurants
    Shamby's Pizza Cafe - The best things in life are..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Navi Mumbai Maharashtra
  • Casual dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’ and we do it by..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • After School Activities
    About Us: Cogitus is a higher order thinking after school program..
    Locations looking for expansion Jharkhand
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ranchi Jharkhand
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities