foodpanda Raises $8M in Funding

foodpanda, a Berlin, Germany-based online food delivery platform, raised $8m in funding.

The investment was med by iMENA holdings, a Middle East and North Africa-focused consumer Internet investment group.

The company intends to use the capital to expand its take-out ordering service in the region, beyond Saudi Arabia where it already operates.

Led by Ralf Wenzel, global managing director, and active in 27 countries (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), foodpanda/hellofood provides restaurants with online and mobile tools to increase sales and consumers with an online marketplace and a mobile app to choose food including e.g. salads, pizza, burger and sushi.

Incubated by Rocket Internet, the company recently raised $20m from Investment AB Kinnevik and Phenomen Ventures, among others (read here).



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