Rocket Internet's Asia-based food delivery startup Foodpanda has announced another major round of funding today. The new round is worth more than US$20 million with investment from Sweden's AB Kinnevik, Russia's Phenomen Ventures, and several other unnamed investors.

Foodpanda is a simple service to order food from a variety of restaurants online. Enjoy different cuisines and flavours delivered to your door step. Rocket Internet GmbH is a German online startup incubator founded in Berlin in 2007 by the Samwer brothers. The company's business model is to identify the successful internet ideas, usually from the U.S. (e.g. Groupon), and replicate them in other countries such as Germany (e.g. Citydeal).