In a significant move, food delivery giant HungryPanda has raised $55 million in a funding round.
This injection of capital underscores the company’s commitment to serving Asian communities in the United States.
HungryPanda has successfully secured $55 million through a funding round led by Mars Growth Capital, a joint venture between Liquidity Group and MUFG. Existing investors such as Perwyn, Kinnevik, 83North, and Felix also participated in this funding. This strategic investment reaffirms confidence in HungryPanda’s ability to capture the Asian food delivery market.
Offering a diverse menu that includes milk tea, roast duck, and hot pots, HungryPanda ensures same-day, contact-free delivery services. These features enhance the user experience for Asian customers around the world.
CEO Eric Liu stated, “This success is a testament to the dedication and hard work of our entire team.”
The recent funding round also positions HungryPanda to accelerate its North American expansion, potentially increasing its influence in this significant market.
Partnering with over 100,000 merchants, HungryPanda delivers to more than 6.5 million users, demonstrating its substantial impact and reach.
Chairman David Buttress emphasizes the importance of their targeted approach which has been pivotal to their success.
Looking ahead, HungryPanda is poised to continue expanding its footprint in the global delivery market, championing Asian cuisine and culture.
HungryPanda’s recent funding round and strategic focus on growth underscore its commitment to serving Asian communities globally.
The company’s ability to maintain profitability while expanding is a clear indicator of its robust business strategy.
