Ding Ding Fresh completes RMB100 million round B financing to develop 3R Food

Ding Ding Fresh, an one-stop fresh food supply and distribution service platform, recently announced the completion of round B financing of nearly 100 million yuan.

Ding Ding Fresh, an one-stop fresh food supply and distribution service platform, recently announced the completion of round B financing of nearly 100 million yuan.

The B1 round is led by the CICC Cultural Consumption Fund, followed by Gan Jiawei and the existing shareholders Hidden Hill Modern Logistics Private Equity Fund, Toutoushidao Capital, Sansheng Venture Capital, and the B2 round is led by Junchuan Capital. China TH Capital acts as the financial adviser for this round of financing.

Ding Ding Fresh was incubated from Huijiachifan App in early 2018, focusing on 3R Food supply chain services.

At present, it has covered 10,000 household convenience stores, providing daily distribution of fresh food products and services.

At the same time, it serves fresh e-commerce platforms such as Hema Supermarket and Missfresh.cn, providing the supply of customized fresh food products and those of private brands.

Ding Ding Fresh will focus on the development of 3R Food (ready to eat, ready to heat and ready to cook) in China.

After this round of financing, the company will further strengthen product research and development and channel expansion, and enhance the proportion of private brand products.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/22/ding-ding-fresh-completes-rmb100-million-round-b-financing-to-develop-3r-food/.

Leave a Reply

Please Login to Comment