HungryPanda, a pioneering food delivery app catering to Chinese and other Asian consumers living abroad, has secured a significant $55 million funding round. The company plans to utilize this capital to further develop its existing business and expand into new categories, such as groceries. As a result, HungryPanda's valuation has increased to around $500 million post-money, a substantial jump from its valuation of $289 million in 2020.