HungryPanda funding news – London-based HungryPanda Secures $55 Million in Funding

This investment comes after funds were recently provided to companies that offer fast delivery services, such as Zepto, Rohlik, Flink, and others. The business raised $130 million in Series D funding in 2021 in order to investigate mergers and acquisitions and enter new markets. HungryPanda has raised over $275 million in funding so far and is moving into a new stage of expansion. The company is now valued at about $500 million after this financing.

Read also - La Solive funding news – French-based La Solive Secures €4 Million in a Series A Round Funding

With the help of this additional capital, the business will be able to maintain its market-leading position in the Asian food delivery segment and look into new avenues for reaching out to a wider spectrum of minority ethnic populations, especially in North America.

Paul Brodie, Managing Director, Europe at Mars Growth Capital and Liquidity Group said, “HungryPanda has been able to carve out an impressive niche in the highly-competitive food delivery vertical, and as a result, has experienced double-digit growth while continuing to strengthen its position as a market leader, We are excited to be part of HungryPanda’s next chapter along with its existing investors.”

Eric Liu, Founder and CEO of HungryPanda said, “Reaching profitability while maintaining significant growth demonstrates the strength of our business model and our long-term vision. This success is a testament to the dedication and hard work of our entire team,HungryPanda is more than just a delivery platform—we see ourselves as an ambassador of Asian cuisine. With this new funding, we are poised to accelerate our expansion into North America, elevate our services, and continue to champion the richness of Asian food culture on a global scale. We are especially grateful for the support from Mars Growth Capital and Liquidity Group, whose partnership will help us achieve our ambitious goals.”

David Buttress, Chairman of the Board at HungryPanda said, “I am proud of how HungryPanda has positioned itself uniquely within the food delivery sector by focusing on the specific needs of Asian communities globally, Our targeted approach and deep understanding of this market have been key drivers of our growth and success. As we continue to scale, I am confident we will further solidify our leadership in this space and capitalise on new opportunities.”

About HungryPanda

HungryPanda is a meal delivery service that was founded in 2017 by CEO Eric Liu in London. It provides Asian food, groceries, and ingredients to clients in more than 80 locations throughout ten countries. The company wants to bring a little piece of home to Asian expats.