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This aims to accelerate their expansion and service developments.
Asian food delivery platform HungryPanda has announced the completion of a $55 million refinancing and fundraising round, led by Mars Growth Capital, a joint venture between Liquidity Group and MUFG.
HungryPanda also continues to receive support from its existing investors, including Perwyn, Kinnevik, 83North, and Felix.
The new funding will enable HungryPanda to meet the increasing demand for Asian food and groceries, and to explore opportunities to serve a wider range of minority ethnic communities, particularly in North America.
Founded in 2017, HungryPanda operates in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants.
In 2021, the company raised $130 million in Series D funding to expand into new markets and pursue mergers and acquisitions.
To date, HungryPanda has raised over $275 million in funding and maintains an annual growth rate of over 30%.
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