hellofood group raises another $60 Million, aiming leadership in emerging markets

hellofood, together with its affiliated brands foodpanda and Delivery Club, announced another financing round of $60 Million from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet AG.
 
AMMAN, Jordan - Aug. 12, 2014 - PRLog -- another financing round of $60 Million from a group of investors, including various existing investors, Falcon Edge Capital and Rocket Internet AG.

Since its launch in 2012, hellofood has raised over $100 Million. Recently, the company acquired competitor Delivery Club, making it the leading food delivery marketplace in Russia.

Beschir Hussain, CEO of hellofood Middle East: “This is a very significant step in our continuous growth story. The money will be used to expand to more cities throughout the region, to partner with more restaurants, and to further improve our customer service.“

The marketplace helps restaurants to 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 sends the order directly to the restaurant, which delivers the meal to the customer. The company has recently launched its next generation mobile application available on major platforms.

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