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Mar, 12 2015

foodpanda raises USD 110 Million in new funding round

foodpanda offers ways to order food via the mobile app or online. Globally, foodpanda partners with over 45,000 restaurants in 40 countries, being market leader in 32 of those countries.

foodpanda, the online food delivery marketplace active in 40 countries across five continents, has secured another round of funding of USD 110 Million.

The sum comes from Rocket Internet AG, as well as other existing and new investors. Since its launch in 2012, the company has now raised more than USD 200 Million.

After acquiring key competitors this year in India, Mexico, Russia, Brazil, Eastern Europe, Middle East and Asia, the company will now further invest into product and technology, and continue focusing on customer service and loyalty for becoming the most convenient and most user friendly way of ordering food delivery or take-away.

“Over the last couple of months we have become the leading online food delivery marketplace across the most promising and fastest growing emerging markets. The new funding allows us to fully focus on user experience and customer service with the aim of completely disrupting the way people order food by establishing a real alternative to pizza flyers and phone calls,” said Ralf Wenzel, Co-Founder and CEO, foodpanda.

Rohit Chadda, MD and Co-Founder, foodpanda said, “We have seen excellent growth over the past year attracting new users from all corners of the country. This round of funding will allow us to scale up and strengthen the foodpanda brand across geographies. We are strongly rooted in the belief that ‘customer is king’ and will continue working harder to reinforce our status as the prime choice when it comes to online food ordering.”

foodpanda offers ways to order food via the mobile app or online. Globally, foodpanda partners with over 45,000 restaurants in 40 countries, being market leader in 32 of those countries.

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