Foodpanda continues worldwide expansion
Foodpanda, the fastest growing food delivery service worldwide, secured more than US$ 20 million funding from a group of investors among them Investment AB Kinnevik and Phenomen Ventures. The company focuses especially on emerging markets, operates together with its affiliated brand hellofood already in 27 countries on four continents and reaches about three billion people worldwide: www.foodpanda.com.
In the last months, foodpanda and hellofood expanded into 15 more countries and launched a mobile app for iOS and Android, which is already the leading food delivery app in most countries. foodpanda cooperates with more than 15,000 restaurants and is already market leader in the majority of the countries the company operates in. foodpanda recently also took over the competitor Ételvitel KFT in Hungary.
Ralf Wenzel, global managing director: “Winning the trust from these well-known and experienced investors is a great achievement for such a young company and emphasizes the position of foodpanda as the most global food delivery service. With the new capital we will make another huge step forward to further accelerated growth and optimized customer service. It’s our goal that foodpanda comes into everyone’s mind, when thinking about ordering food.”
Related news
Related news
The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome…
Read more >H&M feels the effects of the trade war and the decline in demand in Asia
The trade war and the decline in demand in Asia…
Read more >Campari surpasses Cinzano and Frattini
Italy’s Campari Group is selling two of its well-known brands,…
Read more >