HungryPanda Secures $55 Million to Expand Global Reach
HungryPanda Raises Funds for Strategic Growth
HungryPanda, the leading overseas Asian food delivery platform, has successfully raised $55 million in a recent funding round. This investment will allow the company to enhance its services and broaden its reach within the Asian food delivery market.
The Leading Force in Asian Cuisine Delivery
Since its inception in 2017, HungryPanda has made remarkable strides, operating in over 80 cities across ten countries. With more than 6.5 million users and partnerships with over 100,000 merchants, the platform solidifies its status as a key player in the industry. The recent funding drive was led by Mars Growth Capital, a joint venture known for its focus on growing technology companies.
Future Plans and Community Development
With the newly raised capital, HungryPanda aims to target underserved ethnic communities, particularly in North America. The company envisions an expansion of its service offerings while standing firm on the mission to provide authentic Asian cuisine. Eric Liu, the company’s founder and CEO, emphasizes that HungryPanda is not merely a food delivery service but represents Asian culinary culture worldwide.
Achieving Milestones and Growth
In 2024, HungryPanda achieved profitability for the first time while maintaining an astonishing growth rate of over 30%, a significant feat in the competitive food delivery sector. This accomplishment is attributed to the company’s strategic focus on enhancing customer experiences and providing excellent food options.
Management’s Perspective on Recent Achievements
According to David Buttress, the Chairman of the Board, the company’s unique approach to serving Asian communities has been critical to its success and growth. He expresses confidence in the company’s future, indicating that the new capital will elevate HungryPanda’s capabilities and market outreach.
Commitment to Customer and Rider Welfare
HungryPanda believes in establishing a sustainable delivery model. The latest funding will enable them to uphold high service standards and ensure that the delivery riders are supported through industry-leading safety measures. There is a commitment to providing meaningful gig work opportunities, reinforcing the company’s responsibility toward its team.
Industry Growth and Competitive Edge
The food delivery landscape is rapidly changing, with HungryPanda carving out a significant niche. Paul Brodie, Managing Director at Mars Growth Capital, highlights the platform’s impressive double-digit growth over the past few years, thanks to its focused targeting and understanding of the Asian market.
About HungryPanda
Founded in 2017, HungryPanda stands out as the world's largest overseas Asian food delivery provider. The platform's journey began in the UK and has spread to several countries like France, Italy, the U.S., Canada, Australia, and more. HungryPanda successfully collaborates with over 80,000 riders and maintains strong relations with its merchant partners.
Conclusion
As HungryPanda continues to grow and innovate, its customers can expect enhanced service levels and a wider selection of Asian cuisines. The recent funding signals a bright future ahead, making HungryPanda a brand to watch in the food delivery industry.
Frequently Asked Questions
What is HungryPanda?
HungryPanda is an overseas Asian food delivery platform that serves various countries, providing access to authentic Asian cuisines.
How much funding did HungryPanda raise?
HungryPanda raised $55 million in its recent funding round, led by Mars Growth Capital.
In how many countries does HungryPanda operate?
HungryPanda operates in over 10 countries and more than 80 cities worldwide.
What is the primary goal of the recent funding?
The funding aims to enhance services and expand HungryPanda’s reach, particularly in underserved communities.
When was HungryPanda founded?
HungryPanda was founded in 2017 and has grown rapidly since its inception.
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