HungryPanda raises $20m and eyes US expansion

HungryPanda, a food delivery service for Chinese communities in cities around the world, has closed a $20 million funding round led by 83North and Felix Capital.

It will use the cash for hiring, technology development and global expansion, particularly in the US. Founded in the UK, HungryPanda is now also available in Italy, France, Australia, New Zealand and the US. 

The startup says that the new investment will allow it to “pursue ambitious plans to reach an annual run rate of $200 million by May 2020”. It adds that it is now working to secure its next funding round to “support its longer-term vision”.

“The US is strategically important to us and it will be our primary focus in 2020,” says Eric Liu, CEO at HungryPanda. “We bring global experience and expertise in this market, which has already made us the leader in a number of cities in the US, including New York where our order volume is almost four times more than the closest competitor.”

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