Steven Millward · · 1 min readChinese Social Recipes Startup has Right Ingredients, Raises $8 Million from GGV Capital
GGV Capital, perhaps spurred on by its new US$625 million fund that focuses on China, has invested in the local recipes sharing startup Douguo.com. This second round of funding for Douguo is worth $8 million, and was only announced today despite being finalized in August.
Social recipes sites are a growing trend, and are doing especially well in Asia. The early success of Japan’s Cookpad.com is proving inspiring, and last month we also saw Taiwan’s iCook raise funds from CyberAgent Ventures.
Douguo has apps for iPhone and Android, and claims to have six million users who have uploaded 10,000 recipes so far. Its first major round was led by China’s Shanda, but the size of that investment was never revealed.
GGV has backed lots of Chinese startups – like Meilishuo or the recently IPO’d YY – as well as local web giants such as Alibaba and Tudou.
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