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Foodpanda gets $60m infusion to expand market

Update: August, 18/2014 - 08:18

HCM CITY (VNS) — Food delivery company foodpanda and its affiliated brands hellofood and Delivery Club have received US$60 million worth of funding from a group of investors to expand operations in promising markets, including Viet Nam.

The company said the infusion of funds is from two of its existing investors, Falcon Edge Capital and Rocket Internet AG, and others it did not want to reveal.

Since being set up in 2012, foodpanda and hellofood have raised over raised over $100 million. — VNS

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