omniture

foodpanda Raises Additional USD 100 Million in Funding Lead by Goldman Sachs

Investment to be used to expand foodpanda's last-mile delivery operations and further improve customer experience.
2015-05-07 12:38 1937

KUALA LUMPUR, Malaysia, May 7, 2015 /PRNewswire/ -- 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.

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."

As part of the financing round, Goldman Sachs Investment Partners will join the Advisory Board of foodpanda.  

Joon Chan, Managing Director of foodpanda Malaysia: "The latest funding shows that it is a vote of confidence of our business model, team and product. We plan to invest more on improving the whole operation process and cut down the delivery time to 45 minutes. Our main goal is to be the best food delivery company in Malaysia." 

About foodpanda

foodpanda group is the leading global food delivery marketplace, active in 39 countries on five continents. The company enables restaurants to become visible in the online and mobile world and provides them with a constantly evolving online technology. For consumers, foodpanda/hellofood offer the convenience to order food online and the widest gastronomic range, from which they can choose their favourite meal on the web or via the app.

Look us up at: www.foodpanda.my

Facebook: facebook.com/FoodpandaMalaysia

For more information on this press release, or to arrange interviews with company management, please contact:

Sidney Ng
Country Manager, Malaysia
Unit D-3A-08, Level 3A, Block D,
Southgate Commercial Centre,
No.2 Jalan Dua off Jalan Chan Sow Lin, 55200 Kuala Lumpur
Tel: +6016-3062330
Email: s.ng@foodpanda.my

Trisha Ang
Marketing Manager
Unit D-3A-08, Level 3A, Block D,
Southgate Commercial Centre,
No.2 Jalan Dua off Jalan Chan Sow Lin, 55200 Kuala Lumpur
Tel: +6016-7252996
Email: t.ang@foodapanda.my

Source: Foodpanda Malaysia Sdn Bhd
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