HomeFundingFood delivery startup foodpanda secures more than $20 million

Food delivery startup foodpanda secures more than $20 million

foodpanda, one of the fastest growing food delivery services worldwide, has secured more than $20 million in funding from a group of investors – among them Investment AB Kinnevik and Phenomen Ventures.

The startup, which was founded by Rocket Internet in 2012, and is headquartred in Berlin, focuses especially on emerging markets. Together with its affiliated brand hellofood, foodpanda already operates in 27 countries on four continents and reaches about three billion people worldwide.

In the last few months, foodpanda and hellofood expanded into 15 more countries and launched a mobile app for iOS and Android, which is already a leading food delivery app in most of the countries they are present in. In today’s press release, foodpanda stated that it cooperates with more than 15,000 restaurants and is already market leader in the majority of the countries the company operates in. foodpanda recently also took over the competitor Ételvitel KFT in Hungary.

Ralf Wenzel, Global Managing Director of foodpanda, stated: “With the new capital we will make another huge step forward to further accelerated growth and optimized customer service. It’s our goal that foodpanda comes into everyone’s mind, when thinking about ordering food.”

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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