Food delivery startup HungryPanda announced Sunday (Jan. 9) that it is growing its footprint with the acquisitions of food delivery firm EASI and New Zealand Asian food delivery platform BUY@HOME.
Headquartered in London and founded in 2017 by Eric Liu, who serves as CEO, HungryPanda is the largest overseas Asian food delivery platform, operating across more than 60 cities in 10 countries, including the U.S., U.K. and Australia.
The acquisitions will assist HungryPanda in bettering local administration of its services while also moving restaurants towards boosting business success and customer experience by offering a bigger selection of authentic Asian restaurants.
HungryPanda raised $130 million last month in a Series D funding deal led by Perwyn, with additional participation by Kinnevik, 83North, Felix Capital, Piton Capital, Vintage, Burda Principal Investments and Kreos Capital.
The new acquisitions make HungryPanda the Asian food delivery leader in Australia and New Zealand.
“These acquisitions are an important milestone for HungryPanda in continuing to build the leading overseas Asian food delivery platform,” Liu said in the announcement. “By combining our world-class technology and delivery network with the wider coverage of restaurants we can now offer consumers, I am hugely excited about the future potential for our business in these important markets.”
“Improving the local Asian food delivery service is only the first step for us,” Liu added. “We are dedicated to introducing a complete Asian fresh food and grocery delivery service, and adding local merchants’ activities and targeted discounts for our consumers with our aim to establish a comprehensive one-stop lifestyle service for overseas Chinese and local residents who have an interest in Asian food culture.”
HungryPanda rolled out new business models last year, including PandaFresh, a platform for Asian fresh food and grocery eCommerce, and VouchersPanda, which offers discounted online and offline lifestyle services for overseas Chinese.
“This is a strategic alliance that will increase our effectiveness and reach in a busy marketplace, both regionally and internationally,” said Kitty Lu, national operations manager at EASI.