Startups in China seem to be on a roll last week, but none as big as Flipkart’s astonishing US$1 billion funding round in India.
Infant care etailer Miyabaobei received US$20 million series B funding from Sequoia Capital. The Chinese startup previously took RMB 10 million (US$1.6 million) in funding from China Renaissance K2 Ventures.
Chinese financial product search and comparison engine Rong360 has received a US$60 million series C round of funding led by Pavillion Capital, followed by Sequoia, Lightspeed, and KPCB. This latest round brings Rong360′s total funding to date to about US$100 million.
China’s biggest internet company, Tencent (HKG:0700), announced an RMB 20 million (US$3.2 million) series A round of funding into app-connected laundry service Edaixi. It’s made by laundromat chain Rongchang.
WeChat-based CRM solution provider Weimob announced it raised RMB 30 million (US$4.8 million) in series A funding from Meridian Capital China.
Online question platform Yuantiku raised US$15 million in series C funding from existing investors Matrix partners China and IDG. Prior to this, it received US$2.2 million in series A funding from IDG in 2012 and US$ 7 million in series B funding from Matrix Partners China and IDG in 2013.
Fangcang, a SaaS platform for the hotel and travel industry, raised RMB 10 million (US$ 1.62 million) from Qingsong Fund.
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
