HungryPanda raises £52.5m in Series C funding led by Kinnevik to scale operations globally.
The Series C round was led by Kinnevik with participation from new and existing investors to support international expansion.
HungryPanda operates an overseas food delivery platform focused on Asian cuisine, connecting users with merchants across multiple countries. The company provides specialized delivery services and targets minority ethnic communities globally.
HungryPanda has secured £52.5m in a Series C financing round led by Kinnevik. The funding will support the company as it expands its international presence and scales its workforce.
The round drew participation from new backers Piton Capital, BurdaPrincipal Investments, and VNV Global, alongside existing supporters 83North and Felix Capital. The company has experienced rapid growth across several markets and aims to double its headcount to 1,000 employees following this injection of capital.
From the founder
"This has been an exceptional year of growth for HungryPanda. We can launch in new cities in just two weeks and have established ourselves as the market leader due to our laser focus on developing the best service for our customers and providing high-quality execution."
Eric Liu
Founder and CEO at HungryPanda
Investor perspective
"As digital adoption advances, we see an opportunity for community-oriented marketplaces that have a deeper understanding of targeted audiences and a more tailored product. We have been impressed by how Eric and team have leveraged their first-hand user empathy to rapidly scale HungryPanda while remaining capital efficient. We look forward to helping the team expand across products, regions and audiences."
Georgi Ganev
CEO, Kinnevik
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
HungryPanda
HungryPanda operates an international food delivery platform focused on Asian cuisine.