HungryPanda, the leading global platform for Asian food delivery, has raised $55 million in refinancing and funding led by Mars Growth Capital, a joint venture between Liquidity Group and MUFG. Existing investors, including Perwyn, Kinnevik, 83North, and Felix, also participated. This funding will support HungryPanda’s continued expansion, particularly into North America, and strengthen its service offerings for minority ethnic communities.

Founded in 2017, HungryPanda operates in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants. The company achieved profitability in 2024, while maintaining an annual growth rate of over 30%, and has now raised over $275 million in total funding.

CEO Eric Liu emphasized that the new investment will help accelerate HungryPanda’s North American growth and continue championing Asian cuisine globally. The company aims to meet growing demand for Asian food and groceries while supporting delivery riders with sustainable gig work opportunities.