To aim leadership in emerging markets.
Foodpanda together with its affiliated brands hellofood and Delivery Club has announced to another round of raising funds of $60 million from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet AG.
Speaking on the same, Rohit Chadda, MD and Co-Founder, Foodpanda.in, said, “We plan to use these funds to further consolidate our position as the market leader and continue our growth in the existing markets while further improving our customer experience.”
However in 2013, Foodpanda secured more than $20 million funding from Phenomen Ventures and Investment AB Kinnevik, and $8 million from iMENA Holdings. Another $20 million from a group of investors, including Phenomen Ventures was collected in February 2014.