Rocket Internet’s Foodpanda raises $60m

The latest round of funding brings the total Foodpanda has raised so far to more than $100 million.

Founded in 2012, Foodpanda enables a customer to select a meal online and then processes the order directly to the restaurant, which delivers the food to the customer. It is currently available in 40 countries, with a focus on markets in Southeast Asia, Latin America, the Middle East and Africa. It recently acquired competitor Delivery Club in Russia.

Foodpanda, a sister brand of Hellofood, secured more than $20 million from Phenomen Ventures and Investment AB Kinnevik last year, along with $8 million from iMENA Holdings. In February, it raised another $20 million from a group of investors, including existing investor Phenomen Ventures.

The new capital will be used for continued growth in existing markets, by partnering with more restaurants in more cities and further improving customer service, Ralf Wenzel, global managing director of Foodpanda, said in a statement.

Rocket's Asian ventures include Lazada, Zalora, Wimdu, Office Fab and Pricepanda. Last week, Philippine Long Distance Telephone Company (PLDT) acquired a 10% stake in the German e-commerce incubator and investor for $333 million.

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