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Food delivery services firm Foodpanda has received $20-million funding from a group of investors, including Investment AB Kinnevik and Phenomen Ventures.
A company release said that Foodpanda together with its affiliated brands has expanded into 15 more countries. The company has tie-ups with more than 15,000 restaurants.
In India, Foodpanda has association with more than 2,000 restaurants across 10 cities, with some of the leading brands like Pizza Hut, Subway, Nirula’s, Faasos, Baskin Robbins, Ammi’s Biryani, Mast Kalandar, among others.
Amit Kohli, Managing Director and co-founder, said: “Foodpanda India has become one of the largest food ordering portals in India in less than one year of its operations. This round of investment will be utilised in further accelerating our growth, through significant investments in shaping the market, while maintaining our focus on streamlining our internal and customer facing processes.’’
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