11. August 2014–
foodpanda, Rocket Internet’s food delivery marketplace focused on emerging markets, announced today its new financing round of $60 million. The fresh capital comes from already existing investors including Falcon Edge Capital and Rocket Internet. foodpanda wants to use the investment to expand and strengthen leadership in its current markets.
foodpanda creates a marketplace for restaurants to generate delivery sales and access analytics over online and mobile platforms. The Berlin-based startup replicates the online food delivery model in over 40 countries in areas such as the Middle East, Southeast Asia, Africa, and Latin America. With its recent acquisition of Delivery Club, foodpanda is now the market leader in food delivery in Russia.
“The new funding will be invested in continuous growth in our existing markets, by partnering with even more restaurants in more cities and further improving customer service,” Global Managing Director Ralf Wenzel shares.
foodpanda launched in 2012 and has since raised over $100 million in funding.
Image Credit: foodpanda