Hellofood, which owns food delivery service foodpanda, has secured more than US$20 million in funding from a group including Investment AB Kinnvik and Phenomen Ventures.
The company, which operates in emerging markets and reaches three billion people, says it will spend the acquired funds to optimise its customer service and further accelerate growth.
“With the new capital we will make another huge step forward to further accelerated growth and optimized customer service,” said global managing director Ralf Wenzel.
“It’s our goal that foodpanda comes into everyone’s mind, when thinking about ordering food.”
He adds the company has worked hard to win the trust of investors and place foodpanda in a leading position in the global delivery industry.
Wenzel added: “Winning the trust from these well-known and experienced investors is a great achievement for such a young company and emphasizes the position of foodpanda as the most global food delivery service.”
HumanIPO reported in April the company’s app had been rated among the leading food delivery apps globally with 250,000 downloads in less than three months according to app analytic platform appannie.com.
Among the countries Hellofood is available in are Ghana, Kenya and Nigeria.
It also serves markets in Asia, Europe and South America.
