It’s the turn of food startups to attract some serious money and foodpanda has done just that. This global food delivery mobile marketplace has got $100 million from its investors – existing one (Rocket Internet SE) and (newbie) Goldman Sachs. The funds will be used to further improve customer service and expand delivery operations, with the aim to make ordering food from the mobile app and online, very convenient.
According to their release, foodpanda had expanded into 20 countries and released their iOS and Android app last year – (they also have a Windows one). They also bought into Just Eat (as a minority stakeholder) earlier in the year. That sort of takes care of the local competition! But foodpanda also moved aggressively into Mexico, Russia, Brazil, Eastern Europe, and South-East Asia.
According to this source, Co-Founder and CEO of foodpanda, Ralf Wenzel said “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 three 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”, he added.
Now that Goldman Sachs has put in the money, it’s going to join foodpanda’s advisory board.
Globally, foodpanda partners with over 45,000 restaurants in 40 countries and is a market leader in 32 of those countries.