foodpanda raises USD 110 Million in new funding round

foodpanda raises USD 110 Million in new funding round

Global food delivery company already active in 40 countries will
invest in achieving best customer service

Singapore, 12th March 2015: 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 to become the most convenient and most
user-friendly way of ordering food delivery or take-away. 

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.”

foodpanda offers the most convenient way to order food via its
mobile app or online. For restaurants, the online marketplace helps to increase
delivery sales through online and mobile platforms and provides them with
constantly evolving technology and analytics. Globally, foodpanda partners with
over 45,000 restaurants in 40 countries, and is a market leader in 32 of those countries.