Berlin-based online food delivery platform foodpanda has raised $20 million in funding from a group of investors including Phenomen Ventures. The new investment marks the company's third round of funding in the past year, following a $20 million raise in May 2013 and an $8 million raise in September 2013. With the new capital, the company is aiming to continue its global ambitions and roll out to over 40 markets by the end of 1Q. foodpanda currently operates in four continents: Europe, Asia, South America and Africa.
The online marketplace helps restaurants increase delivery sales through online and mobile platforms and provides them with constantly evolving technology and analytics. Customers can choose their favorite meal online and foodpanda processes the order directly to the restaurant, which delivers the meal to the customer. foodpanda is partners with over 22,000 restaurants worldwide.