Foodpanda raises $110 mn in new funding round

Global food delivery company already active in 40 countries will invest in achieving best customer service
 Foodpanda raises $110 mn in new funding round
Foodpanda, the online food delivery marketplace active in 40 countries across five continents, today announces that it has secured another round of funding of USD 110 Million. \The sum comes from Rocket Internet AG, as well as other existing and new investors.
Since its launch in 2012, the company has now raised more than USD 200 Million. After acquiring key competitors this year in India, Mexico, Russia, Brazil, Eastern Europe, Middle East and Asia, 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.
Expressing views on the matter, Ralf Wenzel, Co-Founder and CEO of the foodpanda group: “Over the last couple of months we have become the leading online food delivery marketplace across the most promising and fastest growing emerging markets. The new funding allows us to fully focus on user experience and customer service with the aim of completely disrupting the way people order food by establishing a real alternative to pizza flyers and phone calls.”
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.”
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