foodpanda raises additional USD 100 Million in funding led by Goldman Sachs

Investment
to be used to expand foodpanda’s last-mile delivery operations and further
improve customer experience

Berlin, Germany / Singapore, 4th May 2015: foodpanda, the global mobile food delivery marketplace today
announces a new financing round of USD 100 Million led by Goldman Sachs.
Existing investors, among them Rocket Internet SE, also participated in the
round.

Together
with the last funding of USD 110
Million
in March 2015, foodpanda has now raised over USD 310 Million since its launch
in 2012. After acquiring key competitors in India, Mexico, Russia, Brazil,
Eastern Europe and South-East Asia, the company will use the recent investment
to further expand its own delivery activities and improve overall customer
experience across its 40 markets. Last-mile delivery has been part of
foodpanda’s operations since the beginning, it will now accelerate its efforts
to drive customer satisfaction, aiming to offer the most convenient way of
ordering food – from the mobile app and online.

This
announcement comes as foodpanda Singapore just launched
its premium delivery service with selected outlets allowing foodpanda patrons in
the CBD to receive their food within 60 minutes after placing their order while
at the same time cutting the delivery charge by up to 50%. Celebrating its 3rd
anniversary in Singapore, foodpanda now partners with over 400 food outlets in
the city state.

“foodpanda understands the dynamics of a fast-paced
working environment, where we see a rising trend of people opting for convenient
solutions of having takeout meals while at work without compromising choice or
quality. As the leading platform in offering the widest selection of
deliverable food options, we strive to ease the lives of our customers by
simply delivering the food you love to wherever you are,” explains Ms. Cassandra Ong, Marketing Director of
foodpanda Singapore.

On
a global level, foodpanda, together with its affiliated brands, focuses on
emerging markets, operating in 40 countries across five continents, market leading
in 32, among them India and Russia. foodpanda is active in over 580 cities
around the world, operating in 12 of the largest 20 metropolises, and
partnering with over 60,000 restaurants.

Ralf
Wenzel, Co-Founder and CEO of foodpanda group: “We are very happy about the recent
support from Goldman Sachs Investment Partners, with its deep expertise in
online marketplaces, and which, together with our renowned group of investors,
will allow us to build the leading mobile food delivery marketplace in Emerging
Markets targeting over 3 billion consumers. The Emerging Markets represent the
largest opportunity in online food delivery and we are committed to create the
most convenient way for ordering and delivering food“.

Ian
Friedman, Goldman Sachs Investment Partners: “We have been impressed by both
the growth trajectory and high-quality management team of foodpanda. We believe
that foodpanda has a tremendous opportunity to cement its Emerging Markets
leadership position in the coming years. It is our expectation that the
Company’s innovative, value-added offerings will lead foodpanda to be the
winner in online food delivery within the markets in which it operates.”