Foodpanda to grow bigger, raises $100mn with help from Goldman Sachs
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It’s raining funds for It is interesting to note that foodpanda has raises over USD 310 Million since its launch in 2012, and had secured funding worth USD 110 Mn in March 2015.
After acquiring key competitors in India, Mexico, Russia, Brazil,
Ralf Wenzel, co-founder and CEO of foodpanda group, is ecstatic about this achievement and was quoted saying, “We are very happy about the recent support from
Ian Friedman, Goldman Sachs Investment Partners: "We have been impressed by both the growth trajectory and high-quality management team of foodpanda. We believe that foodpanda has 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 foodpanda to be the winner in online food delivery within the markets in which it operates.”
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