HungryPanda raised a $130 Million Series D round led by Perwyn

HungryPanda, a London, UK-based business operating an online foor ordering platform for Chinese customers, announced closing a $130 million series D round.

The money includes a debt component and was raised from investors led by Perwyn, alongside Kinnevik, 83North, Felix Capital, Piton Capital, Vintage, Burda Principal Investments and Kreos Capital. Proceeds will be used growing its market share in the Asian food delivery space to cement its market leader position while exploring new business opportunities, expanding its market offering and exploring strategic acquisition opportunities. This will be supported by investment in technology, business strategy and talent.

HungryPanda, founded in 2017 by CEO Eric Liu, focuses on delivering traditional food to a Chinese customer audience. The company has a community-focused approach allowing to create an attractive sub-segment within the overall online food delivery market.

The company is now operating in more than 60 cities across the UK, the US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. It has also expanded its product offering to include Asian groceries, to further expand its market opportunity under the Panda Fresh brand.

HungryPanda secured $70 million in equity funding in Nomvember 2020.