foodpanda raises USD 110 Million in new funding round

foodpanda raises USD 110 Million in new funding round

Global food delivery company already active in 40 countries will invest in achieving best customer service

Singapore, 12th March 2015: foodpanda, the online food delivery marketplace active in 40 countries across five continents, today announces that it 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 to become the most convenient and most user-friendly way of ordering food delivery or take-away. 

Ralf Wenzel, Co-Founder and CEO of the foodpanda group: “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.”

foodpanda offers the most convenient way to order food via its mobile app or online. For restaurants, the online marketplace helps to increase delivery sales through online and mobile platforms and provides them with constantly evolving technology and analytics. Globally, foodpanda partners with over 45,000 restaurants in 40 countries, and is a market leader in 32 of those countries.