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FoodPanda Raises $60M from Falcon Edge Capital and Rocket Internet AG

foodpandaRocket Internet backed online food ordering service FoodPanda and its affiliated brands, HelloFood and Delivery Club, have raised $60 million from a group of investors including Rocket Internet AG and Falcon Edge Capital. The company plans to use the funds to expand its reach in existing countries.

The company had previously raised $20 million from investors including Phenomen Ventures in February this year. It had also raised $20 million in May 2013 from Investment AB Kinnevik and Phenomen Ventures while HelloFood had raised $8 million from iMENA Holdings in September 2013. This brings the total funding raised by FoodPanda and its affiliated brands Delivery Club and HelloFood till date to $108 million.

FoodPanda had launched in India in June 2012 listing 232 restaurants from Delhi. In just 2 years, the portal now lists over 3500 restaurants including Subway, Pizza Corner, Faaso’s and Papa Johns across 40+ cities including Mumbai, Delhi, Pune, Bangalore, Agra etc. The portal also launched its mobile apps on the Android and iOS platforms in March 2013, with more than 1,300 listed restaurants from India.

The company currently operates in 40 countries, as FoodPanda in Asia and Europe, as HelloFood in Latin America, Africa and the Middle East and as Delivery Club in Russia. The platform claims to have tie-ups with over 22,000 restaurants globally.

Competition

In November last year, JustEat.in had received an undisclosed amount of investment from Forum Synergies and Axon Partners Group for a minority stake in the company. Just Eat UK had relinquished control over JustEat.in at that time as its share had reduced from 59% to 49.9%.

TastyKhana.com,  had raised more than $5 million June last year from Delivery Hero although it was unclear how the company planned to use the funds.

BigBite.in which offers deliveries in the Delhi-NCR region was launched in Septermber 2012, the website is currently closed with a notice stating a new version is on the way.

TravelKhana.com launched in July last year with an interesting Train delivery system, where passengers order food online, which is then delivered to them at particular stations.

JustDial got into the food delivery game in August 2013 when it launched an online food delivery service.

Deliverychef, another food delivery portal, had raised an unknown amount in angel funding in November 2013 from a US based expat.

 

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