Additional USD 60 mil poured in Foodpanda – Global food delivery service strengthens its position on all markets

Foodpanda, global food order and delivery service, together with similar brands Hellofood and Delivery Club has announced today new financial inflow totaling USD 60 mil from a group of investors which comprises already existing investors as well Falcon Edge Capital and Rocket Internet AG. Since the launch, Foodpanda/Hellofood collected more than USD100 60 mil. The company became the Russian market leader through the acquisition of Delivery Club.

Ralf Wenzel, global GM at Foodpanda, i.e. Hellofood then said:

- We are very satisfied with the new sign of trust and acknowledgment of our current success. We will invest new funds in continuous growth of our existing markets through partnerships with even bigger number of restaurants in more cities as well as though further service improvement for our users. We want to position as a leading food order and delivery service by providing the simplest way to deliver food wherever you are.

Foodpanda service enables restaurants to increase sales through cooperation with online and mobile platforms for food delivery and provides uninterrupted development of technology and analytics. Users can pick up their favorite meal online and Foodpanda sends order directly to a restaurant delivering a meal. The company has recently launched a new version of mobile device application which is available for all platforms.

Foodpanda service has recently become available to users in Serbia as well.

In 2013, Foodpanda provided financial support to the tune of more than USD 20 mil from Phenomen Ventures and Investment AB Kinnevika, USD 8 mil from iMENA holding and in February 2014, additional USD 20 mil from a group of investors including Phenomen Ventures.