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Tag: Foodpanda

Foodpanda India laid-off 15% of its staff!

Foodpanda India, a restaurant delivery service backed by Rocket Internet which launched in 2012, fired around 300 of its employees, or else the 15% of its workforce! Something that came as a result from the intense competition from Zomato as well as a series of startups that focus on making quick deliveries from nearby businesses to homes […]

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Incredibly strong 9 month performance for Rocket Internet!

During the 9 month time-frame of January-September 2015, the key companies of Rocket Internet SE continued their very strong operating performance. To be more precise, the Proven Winners recorded an average weighted net revenues/Gross Merchandise Volume (“GMV”) period-over-period growth of 120% for the 9 months of this year. The Proven Winners showed further operating leverage […]

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$100M funding for Foodpanda

Foodpanda, the global mobile food delivery marketplace, announced a new financing ro und of 100 million dollars, led by Goldman Sachs and the participation of Rocket Internet. Since its launch in 2012, Foodpanda has raised over $310 million. With the recent investment, the company is planning to further expand its own delivery activities and improve […]

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