Rocket Internet’s Foodpanda receives $20-million worth of funding

The online food delivery space is heating and Rocket Internet’s latest pride and joy Foodpanda looks to be leading the way. The Berlin-based online food delivery platform has just landed “more than US$20-million” funding from a group of investors including Investment AB Kinnevik and Phenomen Ventures.

According to the company this new round of funding will help it move forward in its current global expansion plans. Focusing on emerging market countries, Foodpanda currently operates together with affiliate brand Hellofood in 27 countries on four continents and reaches about three billion people worldwide.

In the last few months, Foodpanda and Hellofood have expanded into 15 more countries and launched a mobile app for iOS and Android, which is already the leading food delivery app in most countries. Foodpanda cooperates with more than 15 000 restaurants and is already market leader in the majority of the countries the company operates in. Foodpanda recently also took over the competitor Ételvitel KFT in Hungary.

“Winning the trust from these well-known and experienced investors is a great achievement for such a young company and emphasizes the position of Foodpanda as the most global food delivery service. With the new capital we will make another huge step forward to further accelerated growth and optimized customer service. It’s our goal that Foodpanda comes into everyone’s mind, when thinking about ordering food,” says Ralf Wenzel, Global Managing Director.

This new round of funding will apparently help the company add more restaurants, countries, and customers into its systems.

“We welcome the funding and will be bringing in some game changing innovations to food delivery here in Malaysia. This also helps us aggressively increase our restaurants and customer base – do expect more household restaurants on our website in the coming months,” Claudio Abitante, Managing Director of Foodpanda Malaysia.

Foodpanda and Hellofood currently operate in 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.