- Sector: Media & Internet
- Deal Type: Founder-led Businesses; Private Capital
- Engagement type: Fundraise
- Size: $70 million
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.