HungryPanda is an NYC-based overseas Asian food delivery platform connecting users with Asian restaurants and merchants. Founded in 2017 by CEO Eric Liu, the company operates in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants. It works with over 80,000 riders to fulfil orders. In 2024 HungryPanda achieved profitability while maintaining an annual growth rate of over 30%. The platform has raised over $275M to date, including a $130M Series D in 2021 to support expansion and M&A exploration. With the latest capital, the company intends to consolidate its leadership in the Asian food delivery market and explore serving a broader range of minority ethnic communities, particularly in North America. HungryPanda is an Asian food delivery platform that also offers Asian groceries under its PandaFresh brand and discounted ordering via VouchersPanda. The company operates in more than 60 cities across 10 countries, including the UK, US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. Founded in 2017 by CEO Eric Liu, HungryPanda has expanded rapidly since launching new markets and business models in 2021. The company raised $130M in a Series D to support global expansion and strategic acquisitions. The Series D brings HungryPanda’s total funding to $220M over its last three rounds. Management intends to use the proceeds to further enhance the business globally and pursue strategic acquisition opportunities. HungryPanda runs a specialist online ordering and delivery platform focused on Chinese and other Asian customers living overseas. The company was launched in 2017 by founder Eric Liu and is headquartered in London. HungryPanda says its business has grown 30x in three years and is currently profitable in the UK and cities like New York. It employs around 500 people across 6 countries and serves 47 cities. The team says it can launch in new cities in just two weeks and plans to double headcount to roughly 1,000 with the new capital. Kinnevik highlighted opportunities to expand the product, regions and audiences as digital adoption advances. HungryPanda operates a food delivery service tailored to Chinese communities and Chinese-language users in cities worldwide. Founded in the United Kingdom with its first launch in Nottingham, the service is now available in 31 cities across the U.K., Italy, France, Australia, New Zealand and the U.S. The platform focuses on Chinese food and grocery deliveries, serves business owners, accepts Alipay and WeChat Pay, and uses WeChat for marketing. The company says its operations in the United Kingdom and New York City are already profitable. HungryPanda raised $20 million to fund hiring, product development and global expansion, with particular emphasis on growth in the United States. It has set a goal to reach an annual run rate of $200 million by May.

Total raised

$275M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Sep 2024