Online food delivery marketplace hellofood/foodpanda has spread to 40 countries in only 22 months – with a staggering year-on-year growth of 100 percent. Having partnered with more than 22,000 restaurants, hellofood is now a global market leader in online food delivery.
‘’We’re a global company,” said Ralf Wenzel, Global Managing Director of hellofood/foodpanda “Getting to the new markets quickly gives us a huge competitive advantage. Our accelerated growth is proof that our model works and that our customers enjoy the convenience we offer to them. We have great local teams in every country we operate in and we will continue to work hard to make our products available in even more countries and look forward to the opportunities ahead.’’
foodpanda, and its affiliated brand hellofood, have secured US$48 million in venture capital funding from a group of investors among them Investment AB Kinnevik and Phenomen Ventures.