FoodPanda raises $100MN led by Goldman Sachs and Rocket Internet

FoodPanda is a well-known and a global online food delivery portal.

FoodPanda is a well-known and a global online food delivery portal.

A German-Berlin based global online food delivery portal company, FoodPanda /HelloFood raised USD 100 millions led by Goldman Sachs Investment Company and other existing investors such as Rocket Internet, iMENA Holdings, Phenomen Ventures and Investment AB Kinnevik. Till now, the company has raised its fund to $310 Million since its launch in 2012.

FoodPanda is a well-known and a global online food delivery portal. Its headquarters are in Berlin and the company is active in 558 cities across the globe, operating in 12 of the largest 20 metropolis, and has partnered with over 60,000 restaurants worldwide.

FoodPanda, on the online portals, is the most convenient way of ordering foods using mobile apps and online service. The online food company targets to lead over the emerging markets. The company desires to gain market dominance by serving quality food delivering services, give an amazing customer experience, and targets to win over 300 million customers.

The Co-founder and CEO of the FoodPanda group, Mr. Ralf Wenzel said, “With our previous investment funding of USD 110 millions, it has helped to beat and acquire the key competitors’ market of Russia, Mexico, India, South Asia and Eastern Europe. This time we are aiming to serve best customer services and erecting a customer experience.”

The company aims to make its services more convenient with the help of accompanying apps. The funding will allow the online food delivery portal to grow in emerging online markets. It aims to target more than 300 million customers in the coming months.

A source revealed that previously, the company was initially raising funds directly from Rocket Internet. These funds gave an opportunity to beat its potential competitors. FoodPanda, endeavors to become the world’s largest food delivering online hotspot by accelerating efforts to drive customer satisfaction. The company wants customers to opt for their taste of food with their quality services, and achieving foodies’ hunger satisfaction.

In the financing round, Goldman Sachs Investment Company’s partner, Mr. Ian Friedman is going to join the advisory board of FoodPanda.

Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook

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