Hellofood Receives $ 20m Funding

Foodpanda, the fastest growing food delivery service worldwide, secured more than $ 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
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.”