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Announced

Completed

Kinnevik led a $70m funding round in HungryPanda.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Friendly

Acquisition

Digital Services

Completed

Venture Capital

China

Single Bidder

Cross Border

food delivery platform

Minority

ordering platform

Synopsis

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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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