Germany-based online food ordering service FoodPanda, part of internet holding company Rocket Internet’s Global Online Takeaway Group, raised $100m today in a series F round backed by investment bank Goldman Sachs.
The funding came less than two months after FoodPanda received $110m in a series E round in which Rocket Internet invested $39m, and which also featured undisclosed existing investors.
Rocket Internet also contributed an undisclosed amount to the latest round. It held a 52% stake in FoodPanda as of March, but has not disclosed details concerning the current size of its share in the company.
Founded in 2012, FoodPanda runs an online food delivery service spanning 40 countries across five continents. The company, which operates under a variety of brands, claims to be the market leader in 32 of those countries, including Russia and India.
The latest funding brought FoodPanda’s overall equity funding to approximately $318m. In contrast with the March series E funding, which was allocated to acquisitions in India, Southeast Asia, Eastern Europe and Latin America, the series F round will be used to expand its own delivery activities and enhance customer experience.
Past investors in FoodPanda also include e-commerce holding group Imena Holdings, which invested $8m in HelloFood in 2013, hedge fund sponsor Falcon Edge Capital, venture capital firm Phenomen Ventures and investment firm Kinnevik.