Foodpanda, the global mobile food delivery marketplace, has raised $100 million led by Goldman Sachs, which will join the advisory board of the company. Existing investors, among them Rocket Internet SE, also participated.
The food ordering app has raised over $310 million since its launch in 2012.
After acquiring key competitors in India, Mexico, Russia, Brazil, Eastern Europe and South-East Asia, the company will use the recent funds to further expand delivery activities and improve overall customer experience.
Foodpanda, together with its affiliated brands, focus on emerging markets, and operate in 40 countries across five continents.
Ralf Wenzel, co-founder and CEO of Foodpanda group 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."
Ian Friedman, Goldman Sachs Investment Partners said, "We have been impressed by both the growth trajectory and high-quality management team of Foodpanda. We believe that it has a tremendous opportunity to cement its Emerging Markets leadership position in the coming years. "
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