Rocket Internet’s Foodpanda Raises US$110M In Fresh Funding

Image Credit: Shutterstock/ Giant panda bear eating bamboo

Image Credit: Shutterstock/ Giant panda bear eating bamboo

Foodpanda, the meal delivery service, today announces that it has secured another US$110 million round from Rocket Internet AG, as well as other existing and new investors. The company has now raised more than US$200 million since its launch in 2012.

After acquiring key competitors this year in Asia, Mexico, Russia, Brazil, Eastern Europe, Middle East and India, the company will now further invest into product and technology, and continue focusing on customer service and loyalty.

As a service that brings dishes from local restaurants to user’s doorsteps, the Rocket Internet-backed startup enables customers to order food via the mobile app or online.

Delivering food around the world

For restaurants, the online marketplace helps to increase delivery sales through online and mobile platforms and provides them with evolving technology and analytics.  The company currently partners with over 45,000 restaurants.

Now active in 40 countries, Foodpanda is expanding rapidly, especially in southeast Asian market. In order to attract a bigger user base, the company has integrated its service into WeChat last year.

 

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