Foodpanda receives $20m for global roll-out

Foodpanda and its affiliate hellofood, the fastest growing online food delivery marketplace worldwide, received another $20 million fund from a group of investors, including Phenomen Ventures, to aid in the initiative's global roll-out.
With the new investment, foodpanda aims to continue its global ambitions and launch its services in over 40 markets by the end of the first quarter of 2014, the company said in a statement.
Last year, foodpanda expanded into 20 new countries and launched a mobile app for iOS and Android, which is currently one of the leading food delivery apps worldwide.
"Having acquired the trust from experienced investors we will be able to continue our growth strategy to become a truly global internet brand," said Ralf Wenzel, co-founder and global managing director foodpanda/hellofood.
"We continue to invest in customer service, creating the most convenient way to order food - no matter where you are."
Foodpanda helps customers choose their favourite meal online and processes the order directly to the restaurant, which delivers the meal to the customer.