Chinese food ordering platform HungryPanda has raised £98 million in fresh investment to fund potential acquisitions.
The London-headquartered company is used by Chinese expats and students to access authentic food from their home country. It is live in more than 60 cities across the UK, US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea.
It is also expanding its offering to include groceries alongside its staple offering of cooked dishes.
The Series D round was led by investment firm Perwyn and included Kinnevik AB, Felix Capital, 83North, Piton Capital, Vintage, Burda Principal Investments and debt provider Kreos Capital.
In total, the company has raised $220m in the last three years.
HungryPanda was launched in 2017 by Eric Liu, a computer science graduate at the University of Nottingham.
“HungryPanda has achieved exceptional growth over the last four years,” he said.
“We now have the ability and experience to launch and operate in new cities in just two weeks and have established ourselves as the market leader due to our laser focus on developing the best service and providing high-quality products for our customers.
“We’re delighted to welcome Perwyn as our new investor and board member, and are grateful for the continued support from our previous investors and new investors in this round, whose expertise has been invaluable in this phenomenal year of growth.
“This new round of investment is an affirmation of our past achievements and shall open a new chapter for the business to explore new opportunities and more spaces in lifestyle services for our customers.”