HungryPanda Secures $130M in Series D Funding


HungryPanda, a London, UK-based global asian food delivery company, secured $130M in Series D funding.

The round, which brings the total raised by the company to $220m, was led by Perwyn, alongside Kinnevik, 83North, Felix Capital, Piton Capital, Vintage, Burda Principal Investments and Kreos Capital.

The company, has now raised $220M over the last three, intends to use the funds to further enhance its business globally and pursue strategic acquisition opportunities.

Established in 2017 by Founder and CEO Eric Liu, a computer science graduate at the University of Nottingham who wanted to fix a problem he experienced first-hand, getting hold of authentic Chinese food on-demand away from home, HungryPanda is an Asian food delivery platform and is now operating in more than 60 cities across 10 countries.

In 2021, HungryPanda continued its rapid expansion launching in multiple new countries across Asia. The company is now operating in more than 60 cities across the UK, the US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. It has also expanded its product offering to include Asian groceries, to further expand its market opportunity under the Panda Fresh brand.

In 2021, HungryPanda launched its new business models, “PandaFresh”, a platform for Asian fresh food and grocery e-commerce, and “VouchersPanda”, a platform to provide new discounted ordering methods of online and offline lifestyle services for overseas Chinese.