wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: FoodPanda Secures $20M From Phenomen Ventures & Others

Rocket Internet-backed online food ordering service FoodPanda and its affiliated brand HelloFood has received additional $20 million investment from a group of investors including Phenomen Ventures. The company plans to use this investment to roll out to 40 global markets by the end of Q1 2014. In India where it operates as FoodPanda.in, it plans to use the investment to expand its operations across the country, including tier-2 & tier-3 cities and towns. Update: FoodPanda spokesperson has informed Medianama that it plans to expand next to Chennai and Jaipur, although it didn't disclose any specific timeline on this. FoodPanda had previously raised $20 million from Investment AB Kinnevik and Phenomen Ventures in May 2013. HelloFood had also raised $8 million investment from iMENA Holdings in September 2013 to strengthen its presence in the Middle East. The company launched its Indian operations in June 2012 with 232 restaurants in Delhi after being in stealth mode for a few months. In around 20 months since launch, it seems to have expanded to more than 3,000 restaurants across 14 cities in India. This includes restaurant chains like Pizza Hut, Pizza Corner, Ammi’s Biryani, Zaffran, and Mast Kalandar across cities like Bangalore, Delhi, Noida, Hyderabad, Mumbai, and Pune among others. In March last year, FoodPanda launched its mobile apps on Android and iOS platform, allowing users to browse through menu and order food from more than 1,300 restaurants in India. FoodPanda primarily focuses on emerging markets and is currently operational in 35 countries across five continents. It is operational as FoodPanda in Asia & Europe and as HelloFood in Latin America,…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ