Rocket's FoodPanda raises a further $100m

Existing investors, including FoodPanda's parent Rocket, also participated in the round, according to a statement. Rocket led FoodPanda's last round, which raised $110 million in March. The company has received $310 million in total since its 2012 launch.

FoodPanda, which now operates in over 580 cities in 40 countries, will use the funds to expand its deliver operations and improve overall customer experience in its mobile and web platforms. Goldman Sachs will also join FoodPanda's advisory board as a result of its financing.

Recently FoodPanda has been buying up its regional rivals in a bid by Rocket to build up Global Online Takeaway Group, its international food delivery platform. The company partners with local restaurants, processing food orders through its app and website for the restaurants to deliver themselves. It recently also began running deliveries in India and Pakistan for restaurants that lack their own delivery services.

FoodPanda is just one of Rocket's emerging markets-based e-commerce platforms. The company formed the Global Fashion Group last year, along with its backer Kinnevik, by combining five of its e-commerce brands: India's Jabong, Southeast Asia and Australia's Zalora, Middle East's Namshi, Latin America's Dafiti, and Russia's Lamoda.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Southeast Asia
• Consumer
• Media
• Expansion
• Rocket Internet
• Goldman Sachs
• e-commerce
• TMT
• Consumer
• Growth capital
• India
• Southeast Asia