Rocket Internet’s online food delivery platform foodpanda today announced a $20m funding round from a group of investors including Phenomen Ventures.
In typical Rocket Internet style, Berlin-headquartered foodpanda has an aggressive expansion plan – it launched in 20 countries last year, with a focus on developing markets. It is now active in a total of 35 countries. The company doesn’t look like it’ll be slowing down in 2014, it aims to be live in over 40 markets by the end of Q1.
Ralf Wenzel, global managing director, said: “Having acquired the trust from experienced investors we will be able to continue our growth strategy to become a truly global internet brand. Further to this, we will push our expansion within our existing markets, to gain presence at every corner of every country we are active in. We continue to invest in customer service, creating the most convenient way to order food – no matter where you are.”
Available online and as an iOS and Android app, foodpanda claims it cooperates with over 22,000 restaurants and is the fastest growing online food delivery service worldwide. Founded in 2012, this is the second significant funding round for the company – in May 2013 it received more than $20m in funding from Phenomen Ventures and Investment AB Kinnevik and $8m from iMENA Holdings.
The news comes just a couple of weeks after fellow Berlin-based food delivery service DeliveryHero announced a $88m funding round. Foodpanda also faces competition from another well-funded player, UK-headquartered Just-Eat.
Foodpanda and its affiliated brand hellofood are currently available in Argentina, Bangladesh, Brazil, Chile, Colombia, Czech Republic, Ghana, Hungary, India, Indonesia, Ivory Coast, Jordan, Kazakhstan, Kenya, Malaysia, Mexico, Morocco, Nigeria, Pakistan, Peru, Poland, Romania, Russia, Rwanda, Saudi Arabia, Senegal, Singapore, Slovakia, Taiwan, Tanzania, Thailand, Uganda, Ukraine, Venezuela, and Vietnam.