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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Kinnevik AB    KINV B   SE0014684528

KINNEVIK AB

(KINV B)
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Kinnevik : Invests $35 Million in HungryPanda Funding Round

11/30/2020 | 03:31am EST

By Dominic Chopping

STOCKHOLM--Swedish investment firm Kinnevik AB said Monday that it is investing $35 million in a $70 million funding round in online Asian food-delivery company HungryPanda.

HungryPanda provides an online ordering platform for Chinese customers living abroad, offering tailored language and payment options.

Headquartered in London, HungryPanda was launched in 2017 by founder Eric Liu and now has a 500-person strong team operating in six countries.

Kinnevik said it is joining previous investors 83North and Felix Capital, who between them have experience of building sector-leading platforms including Wolt, Deliveroo and Just Eat.

Other investors joining this round include Piton Capital, VNV Global AB and Burda Principal Investment.

"As digital adoption advances, we see an opportunity for community-oriented marketplaces that have a deeper understanding of targeted audiences and a more tailored product," Kinnevik Chief Executive Georgi Ganev said.

"We have been impressed by how Eric and team have leveraged their first-hand user empathy to rapidly scale HungryPanda while remaining capital efficient."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-30-20 0330ET

Stocks mentioned in the article
ChangeLast1st jan.
KINNEVIK AB -1.26% 419.65 Delayed Quote.1.00%
VNV GLOBAL AB (PUBL) -3.37% 114.6 Delayed Quote.-2.05%
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More news
Financials
Sales 2020 1 016 M 121 M 121 M
Net income 2020 33 432 M 3 979 M 3 979 M
Net cash 2020 634 M 75,4 M 75,4 M
P/E ratio 2020 5,42x
Yield 2020 1,67%
Capitalization 116 B 13 904 M 13 856 M
EV / Sales 2020 114x
EV / Sales 2021 96,0x
Nbr of Employees 40
Free-Float 89,2%
Chart KINNEVIK AB
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Technical analysis trends KINNEVIK AB
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 405,50 SEK
Last Close Price 419,65 SEK
Spread / Highest target 4,37%
Spread / Average Target -3,37%
Spread / Lowest Target -14,7%
EPS Revisions
Managers and Directors
NameTitle
Georgi Martin Ganev Chief Executive Officer
Amelia Chilcott Fawcett Chairman
Erika Johanna Söderberg Johnson Chief Financial Officer
Wilhelm Klingspor Independent Director
Henrik Poulsen Deputy Chairman
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