CosmicTaco

HungryPanda Raises $55M for Expansion and New Services

CosmicTaco · 2024-09-30T18:48:25.444683+05:30

- London-based food delivery app, **HungryPanda**, has raised **$55 million** in funding. - The startup, which targets Chinese and Asian consumers living abroad, plans to use the funds to expand its business and venture into new areas like groceries. - The company's valuation is estimated to be around **$500 million** post-money. - HungryPanda boasts **6 million customers**, **100,000 merchants**, and **80,000 riders** across 80 cities in 10 countries. - The company aims to reach **$1 billion** in gross transaction volume this year and is already profitable. Source: [Techcrunch](https://techcrunch.com/2024/09/30/hungrypanda-a-food-ordering-app-for-the-asian-diaspora-picks-up-55m/)

London-based food delivery app, HungryPanda, has raised $55 million in funding.
The startup, which targets Chinese and Asian consumers living abroad, plans to use the funds to expand its business and venture into new areas like groceries.
The company's valuation is estimated to be around $500 million post-money.
HungryPanda boasts 6 million customers, 100,000 merchants, and 80,000 riders across 80 cities in 10 countries.
The company aims to reach $1 billion in gross transaction volume this year and is already profitable. Source: Techcrunch