What is HungryPanda?
Founded in 2017, HungryPanda has rapidly established itself as the largest overseas platform for Asian food delivery. Originating in Nottingham, UK, the company's reach now extends to over 60 cities across 10 countries, including key markets in Europe, North America, Australia, Japan, and South Korea. In 2021, HungryPanda diversified its business model by launching "PandaFresh," an e-commerce platform for Asian groceries and fresh food, and "VouchersPanda," a service offering discounted lifestyle options for overseas Chinese communities. This strategic expansion into new verticals highlights the company's ambition to cater to a broader spectrum of consumer needs within the Asian diaspora.
How much funding has HungryPanda raised?
HungryPanda has raised a total of $275M across 4 funding rounds:
Other Financing Round
$20M
Series C
$70M
Series D
$130M
Other Financing Round
$55M
Other Financing Round (2020): $20M with participation from Felix Capital Partners LLP and 83North Ltd
Series C (2020): $70M led by Felix Capital Partners LLP, 83North Ltd, and Kinnevik
Series D (2021): $130M supported by Piton Capital, Kreos Capital, Perwyn, Kinnevik, 83North, and Felix Capital
Other Financing Round (2024): $55M featuring Kinnevik, 83North, Mars Growth Capital, and Perwyn
Key Investors in HungryPanda
Kinnevik
Kinnevik is an industry-focused investment company with an entrepreneurial spirit, dedicated to building digital consumer businesses. They partner with founders to create and lead fast-growing ventures, aiming to deliver both shareholder and social value.
83North
83North is a global venture capital firm that invests in exceptional entrepreneurs across all stages, aiming to build category-leading companies. They support innovative startups with a collaborative approach to foster global success.
Perwyn
Perwyn Advisors UK Limited is a private equity firm specializing in transformational investments in European businesses. They focus on providing support for organic growth, international expansion, and operational professionalization across various sectors.
What's next for HungryPanda?
The substantial enterprise-level funding HungryPanda has garnered, particularly the recent strategic investment, positions the company for accelerated growth and further market penetration. With a robust operational base across numerous global cities and a diversified service portfolio including food delivery and grocery e-commerce, HungryPanda is well-equipped to capitalize on the increasing demand for specialized Asian consumer services. Future initiatives are likely to focus on enhancing technological infrastructure, optimizing logistics, and potentially exploring new geographic markets or service expansions to solidify its leadership position in the competitive food delivery and e-commerce landscape.
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