Hellofood acquires USD 100 Million funding from Goldman Sachs

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Hellofood/foodpanda, the global mobile food delivery marketplace has announced a new financing round of USD 100 Million led by Goldman Sachs. Existing investors, among them Rocket Internet SE, also participated in the round.

Since its launch in 2012, Hellofood has now raised over USD 310 Million together with the last funding of USD 110 Million in March 2015.

After acquiring key competitors in India, Mexico, Russia, Brazil, Eastern Europe and South-East Asia, the company says it will use the recent investment to further expand its own delivery activities and improve overall customer experience across its 40 markets. Last-mile delivery has been part of Hellofood’s operations since the beginning and  it will now accelerate its efforts to drive customer satisfaction, aiming to offer the most convenient way of ordering food – from the mobile app and online.

“We are very happy about the recent support from Goldman Sachs Investment Partners, with its deep expertise in online marketplaces, and which, together with our renowned group of investors, will allow us to build the leading mobile food delivery marketplace in Emerging Markets targeting over 3 billion consumers’’ Ralf Wenzel, the Co-Founder and CEO of foodpanda group said.

Ian Friedman from Goldman Sachs who was also present during this announcement said they have been impressed by both the growth trajectory and high-quality management team of Hellofood.

‘’We believe that there’s a tremendous opportunity to cement its Emerging Markets leadership position in the coming years. It is our expectation that the Company’s innovative, value-added offerings will lead Hellofood/foodpanda to be the winner in online food delivery within the markets in which it operates.” He said.

The Hellofood/foodpanda group is the leading global online food delivery marketplace, active in 40 countries on five continents. The company enables restaurants to become visible in the online and mobile world and provides them with a constantly evolving online technology. For consumers, foodpanda offers the convenience to order food online and the widest gastronomic range, from which they can choose their favorite meal on the web or via the app.

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