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"