Foodpanda food delivery service receives over US$ 20million funding

Karachi, May 07, 2013 (PPI-OT): Foodpanda, the fastest growing food delivery service worldwide, secured more than US$ 20 million funding from a group of investors: AB Kinnevik and Phenomen Ventures. Foodpanda focuses especially on emerging markets, currently operates in 27 countries in four continents and reaches out to about 3 billion people worldwide.

In the past few months, Foodpanda expanded into 15 more countries and launched a mobile app for iOS and Android, which is already the leading food delivery app in Pakistan with more than 23,000 downloads in 3 months. cooperates with more than 200 restaurants in Karachi, Lahore, Islamabad, and Rawalpindi and is already the market leader in majority of the countries the company operates in.

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 Food panda comes into everyone’s mind when thinking about ordering food.”

For more information, contact:
Hana Khan
PR Manager
FoodPanda Pakistan
(A global venture by Rocket Internet GmBH
6th Floor, Executive Towers,
Dolmen City, Clifton Block-4,
Cell: 92-333-3801187
Tel: +9221-35297835-7

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