- Sector: Media & Internet
- Deal Type: Founder-led Businesses; Private Capital
- Engagement type: Fundraise
- Size: $130 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to HungryPanda on its $130 million growth capital raise led by Perwyn with participation from Kreos and existing investors including Kinnevik, 83North, Felix Capital, Piton, Vintage and Burda.
Headquartered in London, HungryPanda is the leading specialist online food delivery platform serving Asian restaurants and Chinese populations overseas. With presence in over 60 cities, HungryPanda operates in 10 countries including the UK, the US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. It has also expanded its product offering to include Asian groceries, to further expand its market opportunity under the Panda Fresh brand.
HungryPanda will invest in growing its market share in the Asian food delivery sector to cement its market leader position while exploring new business opportunities, expanding its market offering and pursuing strategic acquisition opportunities. This will be supported by investment in technology, business strategy and talent.
Having advised HungryPanda also on its successful round in 2020, this transaction exemplifies the position of Arma Partners’ Private Capital practice as a long-term trusted advisor to fast-growing companies and their founders, having advised in the past year on follow-on rounds for other clients including Wolt, Holidu and Rohlik. The transaction further reaffirms Arma Partners’ experience as a leading specialist advisor across Foodtech.