Announced
Completed
Financials
Sources
Tags
Private Equity
Private
Friendly
Acquisition
Digital Services
Completed
Venture Capital
China
Single Bidder
Cross Border
food delivery platform
Minority
ordering platform
Synopsis
Kinnevik, an industry focused investment company, led a $70m funding round in HungryPanda, an online Asian food delivery company, with participation from 83North, Felix Capital, Piton Capital, VNV Global and Burda Principal Investment. "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, Kinnevik CEO.
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