Rocket Internet’s Foodpanda raises $60m

The fresh capital will be used to expand the company in existing markets by partnering with more restaurants in more cities. It also aims to improve its customer service.

Fellow Berlin-based online food delivery platform Delivery Hero has raised more than $285m since 2010, after its April series-F funding round totalling $85m. The food delivery space has seen notable investment in recent years, with Lieferando also having raised cash this year and UK-based JustEat listing on the London Stock Exchange in April.

Previous funding
The Berlin-based company has raised $108m in 16 months, following two $20m funding rounds in May 2013 and February this year from Investment AB Kinnevik and Phenomen Ventures, as well as an $8m round in September last year from internet growth investor imena Holdings.

Company
Founded in 2013, Foodpanda is an online food ordering start-up platform that emerged out of Berlin-based accelerator Rocket Internet. It is now active in more than 40 countries in Europe, Asia, Africa and South America, and operates under the name HelloFood outside Europe.

Customers choose their meal online and Foodpanda sends the order directly to the restaurant, which delivers the meal to the consumer. It increases delivery sales to restaurants through both an online and mobile presence and recently launched its newest mobile app.

Foodpanda recently acquired Russian competitor Delivery Club.

People
Ralf Wenzel is the global managing director of Foodpanda.

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