In the wake of a series of acquisitions, the online food delivery service raised $110m in its latest round, increasing its total funding to approximately $218m.
FoodPanda, a Germany-based online food delivery service that also operates under the brand HelloFood, received €104m ($110m) in series E funding from investors including corporate-backed incubator Rocket Internet yesterday.
Rocket Internet invested €37m, with other existing and new investors, who remain unnamed, also backing the round.
Rocket also acquired shares from undisclosed existing investors and purchased the shares held by its subsidiary Latin American Internet Group. It now owns a majority stake of 52%.
Other investors in FoodPanda, which has…
