HungryPanda snags $70m Series C

London-based HungryPanda, an online food delivery platform serving Asian restaurants and Chinese populations overseas, has raised $70 million in Series C funding.

London-based HungryPanda, an online food delivery platform serving Asian restaurants and Chinese populations overseas, has raised $70 million in Series C funding. Kinnevik led the round. Arma Partners was the financial advisor to HungryPanda on the transaction.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to HungryPanda on its $70 million Series C growth capital raise led by Kinnevik.
Headquartered in London, HungryPanda is the leading specialist online food delivery platform serving Asian restaurants and Chinese populations overseas. HungryPanda operates in 47 cities across Australia, Canada, France, New Zealand, the UK and the US. The company is growing very fast, with strong unit economics, and is already profitable in London and other major cities such as New York.

The new funding will allow HungryPanda to consolidate its position as a global category leader whilst accelerating its growth through an expanding product offering and the extension of its technology capabilities.

Other investors in the round include Piton Capital, VNV Global and BurdaPrincipal Investments, as well as existing investors 83North and Felix Capital.

The transaction underlines Arma Partners’ position as a market-leading advisor on private capital funding mandates to clients through its Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights the firm’s deep sector expertise in digital marketplaces and foodtech.

About Arma Partners
Arma Partners provides independent corporate finance advice to companies and investors active in the global Digital Economy. We act as trusted advisors to Digital Economy leaders throughout their entire corporate lifecycle, from raising private capital for fast-growing disrupters and founder-led businesses to orchestrating complex cross-border M&A deals for private equity investors and global large-cap public companies. Founded in 2003, Arma today employs a large dedicated advisory team with unparalleled domain expertise and an enviable track record in each of the diverse sub-segments that together comprise the ever-expanding global Digital Economy.

Arma Partners LLP is authorised and regulated by the Financial Conduct Authority. US Arma Partners LP is regulated by the Financial Industry Regulatory Authority (FINRA) and is a member of the Securities Investor Protection Corporation (SIPC). Further information at www.armapartners.com.