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Rocket Internet Backed Foodpanda Gets Whooping $110 Mn Funding

Rocket Internet Backed Foodpanda Gets Whooping $110 Mn Funding

foodpanda, the online food delivery marketplace with active presence in over 40 countries across five continents, has announced that it has secured $110 Mn in a new round of funding coming from Rocket Internet AG, as well as other existing and new investors.

Last year, it had raised $60 Mn from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet AG. Since its launch in 2012, the company has now raised more than $200 Mn.

Foodpanda has acquired a number of startups this year in India, Mexico, Russia, Brazil, Eastern Europe, Middle East and Asia. In India, foodpanda has recently acquired JustEat India operations & Tastykhana.

With the new funding, the company will now further invest into product and technology, and continue focusing on customer service and loyalty for becoming the most convenient and most user friendly way of ordering food delivery or take-away.

Rohit Chadda, MD and Co-Founder at foodpanda, said, “We have seen excellent growth over the past year attracting new users from all corners of the country. This round of funding will allow us to scale up and strengthen the foodpanda brand across geographies. We are strongly rooted in the belief that ‘customer is king’ and will continue working harder to reinforce our status as the prime choice when it comes to online food ordering.”

In India, foodpanda lists menus from over 12000+ restaurants across 200+ cities  and Globally, it has partnered with over 45,000 restaurants in 40 countries.

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