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May 7, 2013 12:00 pm GMT
The food delivery wars continue to heat up: today foodpanda, the Rocket Internet-incubated startup that offers a one-stop service to order food from a selection of restaurants and take-out joints to be brought to your door and now working with some 15,000 restaurants globally, is today announcing that it has picked up $20 million in funding, with participation from Rocket regular AB Kinnevik, Russia's Phenomen Ventures as well as Rocket Internet themselves. This is not only foodpanda's first reported round of investment, but it also looks like it might be Phenomen's first public investment in a Rocket Internet company; the VCs have previously backed other e-commerce ventures like Fab, Hailo and OneTwoTrip, as well as the YC-incubated video company Virool.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ke7q907HLck/
Rocket Internet-Backed FoodPanda Raises $20M As It Prepares For The Next Course In Its Food Delivery Ambitions
The food delivery wars continue to heat up: today foodpanda, the Rocket Internet-incubated startup that offers a one-stop service to order food from a selection of restaurants and take-out joints to be brought to your door and now working with some 15,000 restaurants globally, is today announcing that it has picked up $20 million in funding, with participation from Rocket regular AB Kinnevik, Russia's Phenomen Ventures as well as Rocket Internet themselves. This is not only foodpanda's first reported round of investment, but it also looks like it might be Phenomen's first public investment in a Rocket Internet company; the VCs have previously backed other e-commerce ventures like Fab, Hailo and OneTwoTrip, as well as the YC-incubated video company Virool. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ke7q907HLck/
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