Foodpanda operates an online food delivery marketplace that covers 580 cities across 40 countries on five continents and lists over 60,000 restaurants. Incubated by Rocket Internet, the company initially focused on Asia and other emerging markets and has expanded through an acquisition binge, including a stake in Delivery Hero and nine other food‑delivery startups. It says the latest capital will be used to further expand its delivery activities and improve customer experience. The business is capital intensive and Rocket Internet’s emerging‑market playbooks suggest high burn as it builds logistics, hires teams and subsidizes customer growth. The article notes revenue is not currently pouring in, though investors see long‑term potential as smartphone adoption grows in those markets. Foodpanda was founded in 2012 and is based in Berlin. Foodpanda is a Rocket Internet-backed meal delivery service that enables customers to order food via mobile app or online. The company operates an online marketplace that helps restaurants increase delivery sales and provides them with technology and analytics. Foodpanda currently partners with over 45,000 restaurants and is active in 40 countries, expanding rapidly especially in southeast Asia. After acquiring key competitors this year across Asia, the Middle East, Eastern Europe, Mexico, Russia, Brazil and India, the company plans to further invest in products and technology. It also intends to continue focusing on customer service and loyalty and integrated its service with WeChat last year to attract a bigger user base. Financially, Foodpanda has raised more than $200 million since its 2012 launch and recently secured an additional $110 million funding round. FoodPanda operates an online marketplace and mobile app that lets customers order food for delivery and provides analytics and other information to restaurant partners. The company runs multiple brands including hellofood and, after a recent acquisition, Russia’s Delivery Club. FoodPanda is available in 40 countries with a focus on Southeast Asia, Latin America, the Middle East, and Africa. The service is part of Rocket Internet’s strategy of replicating proven e-commerce models in emerging markets. Management says the new funding will be invested in growth by partnering with more restaurants in more cities and improving customer service. The company has now raised a total of $108 million. foodpanda is a Rocket Internet‑incubated online food delivery marketplace that operates via a website and mobile apps for iOS and Android. Launched in 2012, the service partners with about 22,000 restaurants. The company aims to expand its delivery marketplace into over 40 markets by the end of Q1 2014, with imminent launches in Croatia, Bulgaria, Serbia, Slovenia, Kazakhstan, Azerbaijan, Tanzania, and Uganda. foodpanda focuses on emerging markets across Eastern Europe, Asia, Latin America and parts of Africa to build a large customer‑service and logistics network. It has developed a payments system tailored for countries with low credit‑card penetration and plans to leverage that infrastructure across other Rocket Internet verticals. Competitors cited include Delivery Hero and Just‑Eat. foodpanda operates an online marketplace and mobile app that lets consumers order takeout and provides restaurants with online and mobile tools to increase sales. The company is led by global managing director Ralf Wenzel and was incubated by Rocket Internet. It is active in 27 countries, including 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 intends to use the new capital to expand its take-out ordering service in the region beyond Saudi Arabia. The company recently raised $8M in this financing and had previously raised $20M from Investment AB Kinnevik and Phenomen Ventures, among others. Headquarters are in Berlin, Germany.

Total raised

$318M

Funding rounds

6

Latest round

Equity

Latest activity

Apr 2015