Chinese grocery app maker raises $2B
February 22, 2021- Share:
Grocery app startup Xingsheng Youxuan has raised $2 billion at a $6 billion pre-money valuation in a round led by Sequoia China, Reuters reported. PE firms FountainVest Partners, Primavera Capital Group, KKR and others also participated. The Chinese company operates a bulk-ordering platform and was reportedly worth $4 billion during a fundraising round last July.
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