Business, Investments

Foodpanda Raises $110M in New Funding Round from Rocket Internet and Others


Foodpanda, an online food ordering marketplace active in 40 countries, has announced that it has secured another round of funding of $110 million. The sum comes from Rocket Internet AG, as well as other existing and new investors.

Since its launch in 2012, the company has now raised more than $200 million. After acquiring key competitors this year in India, Mexico, Russia, Brazil, Eastern Europe, Middle East and Asia, the company will now further invest into product and technology, and continue focusing on customer service and loyalty for becoming the most convenient and most user friendly way of ordering food delivery or take-away.

Ralf Wenzel, Co-Founder and CEO of the foodpanda group: “The new funding allows us to fully focus on user experience and customer service with the aim of completely disrupting the way people order food by establishing a real alternative to pizza flyers and phone calls.”

Foodpanda offers a convenient way to order food via the mobile app or online. For restaurants, the online marketplace helps to increase delivery sales through online and mobile platforms and provides them with constantly evolving technology and analytics.

The company had acquired its rivals TastyKhana in November 2014 and in February this year.

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