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Foodpanda raises another $100m

May 1, 2015

Mobile food delivery marketplace foodpanda has raised $100 million in funding led by Goldman Sachs, just months after securing $110 million. The company previously raised funds in March and has now secured investment of $310 million to date. Rocket Internet-backed foodpanda operates in 40 markets, and will use the funds to expand its delivery activities. “We are very happy about the recent support from Goldman Sachs Investment Partners, with its deep expertise in online marketplaces, and which, together with our renowned group of investors, will allow us to build the leading mobile food delivery marketplace in Emerging Markets targeting over 3 billion consumers. The Emerging Markets represent the largest opportunity in online food delivery and we are committed to create the most convenient way for ordering and delivering food,” Ralf Wenzel, Co-Founder and CEO of the foodpanda group said in a press release.

European hair and beauty marketplace Wahanda has secured $46 million investment from Recruit Holdings, an existing backer. Recruit has acquired a majority stake in the company as part of the deal. The investment means Recruit is now the only investor in Wahanda. Lopo Champalimaud, CEO and founder of Wahanda, said: “Recruit invested in July 2014 and have been very active investors. We are extremely excited to continue growing the business with them. This is a great deal for everyone involved – employees and investors, and, most importantly, our customers and merchants.”

Financial technology platform Payzer has raised $4.2 million in Series A financing led by Grotech Ventures and Route 66 Ventures. The company will use the funds to expand its sales and marketing efforts and grow its product development team. “There’s a lot to be excited about at Payzer,” said Joe Giordano, Payzer CEO and Founder.   “We’ve built a strong team, our product is proven to deliver real value, and we’re acquiring customers rapidly. Now, we’ve also got great investors. Grotech and Route 66 have complementary backgrounds that will help us manage growth wisely and build a winning strategy in the payments and fintech markets.”

Dopay, a U.K.- headquartered financial services startup, has raised $2 million in seed funding. The company, which offers a payroll service for the unbanked, has attracted the investment from ACE & Company and a number of angel investors.

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Filed Under: Finance, Investment Round Up, Startups

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