foodpanda Raises more than US$20M
Summary
foodpanda, a Berlin, Germany-based food delivery service worldwide and Rocket Internet-incubated startup, raised more than US$20m in funding.Backers included Investment AB Kinnevik and Phenomen Ventures, among others.The company intends to use the funds to accelerate growth and optimize its customer service.Led by Ralf Wenzel, global managing director, foodpanda offers an online food ordering platform that focuses on emerging markets.Together with its affiliated brand hellofood, it is already present in 27 countries (India, Indonesia, Malaysia, Pakistan, Singapore, Taiwan, Thailand, Vietnam, Ghana, Ivory Coast, Kenya, Morocco, Senegal, Nigeria, Russia, Argentina, Brazil, Chile, Colombia, Mexico, Peru, Hungary, Venezuela, Poland, Ukraine, Romania and Saudi Arabia), partnering with more than 15,000 restaurants.