5 years ago

HungryPanda Secures $70M to Expand Global Food Delivery App for Chinese Diaspora

  • HungryPanda, a food delivery app targeting Chinese consumers outside of China, has raised $70 million in Series C funding

  • The round was led by Kinnevik, with participation from 83North, Felix Capital, Piton Capital, and Burda Principal Investment

  • The app, available in Mandarin, operates in 47 cities globally and focuses on delivering food from Chinese restaurants and Asian grocery stores

  • HungryPanda plans to use the funding to continue its global expansion.

    • ProblemFood Delivery

      "making it difficult for Chinese students to order traditional Chinese food from restaurants in the UK because menus were in English and dishes were modified for local tastes"

      Solution

      "creating a Mandarin-language food delivery app specifically targeting Chinese consumers outside of China, providing a platform for Chinese restaurants and Asian grocery stores to deliver food and groceries to the Chinese diaspora"

      Covered on