Online meal delivery firm foodpanda gets $60 million in financing

By Eric Auchard SAN FRANCISCO (Reuters) - Foodpanda, an online take-away food delivery company active in dozens of emerging markets, said it had raised $60 million in new financing from a group of investors including existing backer Rocket Internet AG. Foodpanda, one of a stable of ecommerce and financial services ventures created by Berlin-based Rocket Internet, is in a global race to stake out the highly local food take-away market, an online segment that has featured two high-profile share listings this year and big investments by U.S. and European venture firms. The latest financing marks the third sizeable round of investment for foodpanda, which has raised a little over $100 million since it was founded in 2012, said Ralf Wenzel, co-founder and chief executive of foodpanda. Just-Eat, London's biggest technology listing in recent years, is the dominant online food delivery player in Britain and Denmark, where it was founded in 2001, but it has less of a presence to date in eight other European markets and Brazil and India, where it has also set up shop.



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