Deal Alert: Rocket Internet’s FoodPanda raises $20-M from AB Kinnevik, Phenomen Ventures

FoodPanda, an online food delivery site promoted by European VC firm Rocket Internet, has secured more than $20 million funding from a group of investors including AB Kinnevik and Phenomen Ventures. The company focuses especially on emerging markets, operates together with its affiliated brand hellofood already in 27 countries on four continents and reaches about three billion people worldwide.