foodpanda and its affiliated brand hellofood, a Berlin, Germany-based, Rocket Internet-incubated online food delivery marketplace, raised an additional $20m in funding.
Backers included Phenomen Ventures.
The company, which is currently operating in four continents, intends to use the funds to roll out to over 40 markets by the end of the first quarter of 2014.
Led by Ralf Wenzel, Co-Founder and Global Managing Director, foodpanda/hellofood operates an online marketplace for restaurants to increase delivery sales through online and mobile platforms and provides them with technology and analytics. The service allows customers to choose their meal online and foodpanda processes the order directly to the restaurant, which delivers the meal to the customer.
foodpanda is partners with over 22.000 restaurants in Argentina, Bangladesh, Brazil, Chile, Colombia, Czech Republic, Ghana, Hungary, India, Indonesia, Ivory Coast, Jordan, Kazakhstan, Kenya, Malaysia, Mexico, Morocco, Nigeria, Pakistan, Peru, Poland, Romania, Russia, Rwanda, Saudi Arabia, Senegal, Singapore, Slovakia, Taiwan, Tanzania, Thailand, Uganda, Ukraine, Venezuela, and Vietnam and soon in Croatia, Bulgaria, Serbia, Slovenia, and Azerbaijan.
FinSMEs
05/02/2014
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