BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media, has today announced an investment in Hungry Panda, the leading specialised online Asian food delivery market. BPIparticipated in the $70 Million funding round (Series C) led by Kinnevik, alongside previous investors 83North and Felix Capital. Hungry Panda will use the fresh capital to further scale its team and presence globally.
“This has been an exceptional year of growth for Hungry Panda. We can launch in new cities in just two weeks and have established ourselves as the market leader due to our laser focus on developing the best service for our customers and providing high-quality execution.”
Eric Liu, CEO and Founder of Hungry Panda
“Hungry Panda has built an outstanding, fast-growing platform addressing consumers’ demand for authentic cuisine and providing merchants with access to these valuable consumers. We are excited to support Eric and his team and join the other investors on this journey!”
Christian Teichmann, Managing Director of BurdaPrincipal Investments
Hungry Panda provides a specialist online ordering platform for Chinese customers living abroad. The user experience is tailored and helps overcome barriers such as culture and language. For Asian restaurants, it makes finding the right customers easier and provides an efficient delivery service.
Natalie Schmitke, Principal at BurdaPrincipal Investments in London: “We have known Eric and his team for over a year. We are delighted to invest in such a specialised marketplace focusing on an attractive niche where customers and merchants truly benefit from a tailored solution. We have been very impressed with Hungry Panda’s ability to grow globally and capital efficiently while localizing and working closely with various partners in their ecosystem.”
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