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,…
- Final Call: Impact of Draft Criminal Laws on the Digital Ecosystem; Nov 30, 3:30 PM November 30, 2023
- Earnings Call: Vodafone Idea shares details of license fee expense, impact of Jio Bharat and more November 29, 2023
- Finance Ministry meets with banks, payments companies to discuss online fraud November 29, 2023
- Delhi High Court restricts DialMyTrip its name in trademark dispute with MakeMyTrip November 29, 2023
- NCLAT defers hearing of Google’s appeal against Play Store antitrust order November 28, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...