Total amount raised
$749.5 Million
Latest funding date
5/1/2017
Location
Foodpanda has successfully raised funds through seven different funding rounds, with its latest round being a private equity investment. The company has attracted a total of eight investors, including notable names like Delivery Hero and Prosus.
Foodpanda's journey in the food delivery market is marked by significant investments and strategic acquisitions, making it a key player in the industry. Keep reading to explore the intricacies of Foodpanda's fundraising journey and the investors backing this innovative platform.
What Is Foodpanda?
Foodpanda is a prominent player in the food and grocery delivery industry, headquartered in Berlin, Germany. The company operates as an online marketplace, enabling users to place orders at local restaurants via its website or mobile app.
Founded in Berlin, Foodpanda has grown significantly, employing between 5001 and 10000 people. The company has been acquired by Delivery Hero and continues to expand its services globally, offering quick and personalized delivery solutions.
How Much Funding Has Foodpanda Raised?
- Private Equity Round
- Amount Raised: USD 431,450,000
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the growing food ordering and delivery market and strengthen Foodpanda's technology and delivery ecosystem.
- Series E Round
- Amount Raised: USD 100,000,000
- Date: May 2015
- Lead Investors: Goldman Sachs Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance service offerings.
- Series E Round
- Amount Raised: USD 110,000,000
- Date: March 2015
- Lead Investors: Rocket Internet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and strategic acquisitions.
- Series D Round
- Amount Raised: USD 60,000,000
- Date: August 2014
- Lead Investors: Falcon Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market penetration and improve delivery infrastructure.
- Series C Round
- Amount Raised: USD 20,000,000
- Date: February 2014
- Lead Investors: Phenomen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in technology.
- Series B Round
- Amount Raised: USD 8,000,000
- Date: September 2013
- Lead Investors: iMENA Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance service capabilities.
- Series A Round
- Amount Raised: USD 20,000,000
- Date: April 2013
- Lead Investors: Rocket Internet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong market presence and build a robust delivery network.
Total Amount Raised: USD 749,450,000. Current Valuation: Not publicly disclosed.
Key Investors
- Delivery Hero
- Details: Delivery Hero is a global leader in the food delivery industry, headquartered in Berlin, Germany. It has participated in multiple funding rounds for Foodpanda and eventually acquired the company.
- Investment Focus Areas: Food delivery, logistics, related technology sectors.
- Notable Investments: Various food delivery platforms and logistics companies.
- Prosus
- Details: Prosus is a global consumer internet group and one of the largest technology investors in the world. It has a broad investment portfolio, including technology and internet companies.
- Investment Focus Areas: Technology, internet services, e-commerce sectors.
- Notable Investments: Technology companies, e-commerce platforms, internet services.
- Naspers
- Details: Naspers is a South African multinational internet and media group. It acquired a minor stake in Delivery Hero and a seat on its supervisory board through its investment.
- Investment Focus Areas: Internet and media sectors, high-growth markets, particularly in food ordering and delivery.
- Notable Investments: Flipkart, Myntra, RedBus, Ibibo, OLX, PayU.
- Rocket Internet
- Details: Rocket Internet is a German internet company that builds and invests in internet companies globally. It was the parent company of Foodpanda before its acquisition by Delivery Hero.
- Investment Focus Areas: Internet companies, particularly in e-commerce, food delivery, and other online services.
- Notable Investments: Delivery Hero, various other internet companies globally.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. It has previously backed Foodpanda with a $100 million investment.
- Investment Focus Areas: Broad investment focus including technology, internet companies, and high-growth sectors.
- Notable Investments: Various high-profile investments across technology and internet sectors.
What's Next for Foodpanda?
Foodpanda is poised to capitalize on the burgeoning food delivery market, particularly in high-growth regions like India. With significant investments aimed at enhancing its technology and delivery ecosystem, the company is well-positioned to compete with established players such as Swiggy and Zomato. The market's underpenetrated nature offers substantial room for growth, making it a lucrative opportunity for Foodpanda.
Future fundraising efforts could be on the horizon as Foodpanda seeks to maintain and expand its market share. The competitive landscape, marked by the entry of new players like UberEATS, suggests that additional investments may be necessary to stay ahead. However, the company must navigate challenges such as intense competition and the need to sustain growth without overextending its resources.
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