Chinese food delivery app HungryPanda has raised $20m in a funding round led by 83North and Felix Capital.

The food delivery platform intends to use the new proceeds to fuel its global expansion plans, mainly in the US market. This year, HungryPanda plans to launch its services in 18 US cities.

HungryPanda CEO Eric Liu said: “The US is strategically important to us and it will be our primary focus in 2020.

“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.”

The investment will also be utilised to strengthen the HungryPanda team and support technological innovation.

Founded in 2017, HungryPanda now operates in 31 cities across the UK, North America, Europe, Australia and New Zealand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The platform enables overseas Chinese nationals to overcome language barriers connecting them to Asian restaurants. The company has more than 300 employees.

Liu added: “We are delighted to secure the backing of 83North and Felix Capital to bring our unique service to more people in more places.

“Their unrivalled industry investment experience, coupled with our ability to focus on the precise needs of our customers and launch in each new city within a two-week window, means we are in an ideal position to significantly scale the business to meet the huge levels of demand created by Chinese cuisine.”

HungryPanda has already started working to secure additional funding as part of its long-term growth plans.