|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Foodpanda food delivery service provider receives US$20 million funding
|
|
Friday, 10 May, 2013, 08 : 00 AM [IST]
|
|
Our Bureau, Mumbai
|
|
fiogf49gjkf0d Foodpanda, the leading food delivery service worldwide, has secured more than US$20 million funding from a group of investors including Investment AB Kinnevik and Phenomen Ventures.
In the last few months, Foodpanda together with its affiliated brands has expanded into 15 more countries. It co-operates with more than 15,000 restaurants and is already a market leader in majority of the countries the company operates in. It recently took over the assets of its competitor Ételvitel KFT in Hungary, according to a press release issued by the company.
In India, Foodpanda is already in partnership with more than 2,000 restaurants across 10 cities, with some of the leading brands like Pizza Hut, Subway, Nirula’s, Faasos, Baskin Robbins, Ammi’s Biryani, and Mast Kalandar in its network: www.foodpanda.in.
Amit Kohli, MD and co-founder, India, stated, "Foodpanda India has become one of the largest food ordering portals in India in less than one year of its commencement of operations, and this investment is a testimony to the faith that investors have in our team, and on our business model. This round of investment will be utilised in further accelerating our growth, through significant investments in shaping the market, while maintaining our focus on streamlining our internal and customer facing processes."
Rohit Chadda, MD and co-founder, India, added, “This is an exciting time for us. The confidence that investors have shown in Foodpanda reaffirms our position as a global food delivery platform. The investment will help us expedite growth and achieve our vision of making Foodpanda synonymous with food ordering.”
|
|
|
|
|
|
|
|
|
|