Total amount raised
$749.5 Millions
Latest funding date
5/1/2017
Location
Foodpanda has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in online food and grocery delivery, offering a convenient service to its users.
Keep reading to explore the intricacies of Foodpanda's fundraising journey and the investors backing this innovative platform.
What Is Foodpanda?
Foodpanda, founded on April 1, 2012, in Berlin, Germany, is a global online food delivery marketplace. The platform allows users to order meals from local restaurants via its website or mobile application. Additionally, Foodpanda offers grocery delivery services, business loans to partner merchants, and curated set menus for solo diners.
The company was founded by Benjamin Bauer, Christian Mischler, Felix Plog, Ralf Wenzel, and Rico Wyder. Since its inception, Foodpanda has grown significantly, employing between 5001 and 10000 people. The platform aims to provide swift and personalized delivery solutions, helping users save time on meal and grocery needs.
Acquired by Delivery Hero in 2016, Foodpanda continues to expand its services and reach. The company also offers welfare benefits and recruitment campaigns for its delivery partners, ensuring a comprehensive support system for all stakeholders involved.
How Much Funding Has Foodpanda Raised?
- Series A
- Amount Raised: $20M
- Date: April 2013
- Lead Investors: Rocket Internet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance technological infrastructure.
- Series B
- Amount Raised: $8M
- Date: September 2013
- Lead Investors: iMENA Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $20M
- Date: February 2014
- Lead Investors: Phenomen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve delivery logistics and customer service.
- Series D
- Amount Raised: $60M
- Date: August 2014
- Lead Investors: Falcon Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new geographical regions and enhance marketing efforts.
- Series E
- Amount Raised: $110M
- Date: March 2015
- Lead Investors: Rocket Internet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and invest in technology.
- Series E
- Amount Raised: $100M
- Date: May 2015
- Lead Investors: Goldman Sachs Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance delivery capabilities and expand service offerings.
- Private Equity Round
- Amount Raised: $431.5M
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To dominate the food delivery market and invest in technology and logistics.
Total Amount Raised: $749.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Rocket Internet
- Details: Rocket Internet is a German internet company that builds and invests in online startups. It is known for rapidly scaling companies in various sectors.
- Investment Focus Areas: E-commerce, food delivery, fintech.
- Notable Investments: Delivery Hero, HelloFresh, Zalando.
- Goldman Sachs Investment Partners
- Details: Goldman Sachs is an American multinational investment bank and financial services company. It provides a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, finance, consumer services.
- Notable Investments: Uber, Spotify, WeWork.
- iMENA Group
- Details: iMENA Group is a leading operator of online businesses in the Middle East and North Africa. It focuses on building and investing in high-growth internet companies.
- Investment Focus Areas: E-commerce, marketplaces, classifieds.
- Notable Investments: Opensooq, ReserveOut, SellAnyCar.com.
- Phenomen Ventures
- Details: Phenomen Ventures is a venture capital firm that invests in early-stage and growth-stage companies. It has a global investment approach.
- Investment Focus Areas: Technology, internet, consumer services.
- Notable Investments: Delivery Hero, Gett, OneTwoTrip.
- Falcon Capital
- Details: Falcon Capital is a private equity firm that focuses on growth investments. It provides capital and strategic support to its portfolio companies.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Not publicly disclosed.
What's Next for Foodpanda?
Foodpanda is poised to capitalize on the burgeoning food delivery market, particularly in high-growth regions like India. With a significant investment from Naspers, the company aims to enhance its technology and delivery ecosystem, positioning itself to compete with established players such as Swiggy and Zomato. The market's large, underpenetrated nature offers substantial growth potential.
Future fundraising opportunities seem promising, given the backing from major investors like Rocket Internet and Goldman Sachs. These funds could be pivotal in expanding operations and maintaining a competitive edge. However, Foodpanda will need to navigate intense competition and market volatility, which have previously led to challenges in the industry.
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