Lehe Food Group closes RMB400m Series C round led by Meituan Dianping and CDH Investment

China’s one-stop food ingredient service provider, Lehe Food Group, announced that it has scored 400 million yuan in its Series C financing round, which was jointly led by Meituan Dianping and CDH Investment. Existing investor Hezhi Capital also participated.

China’s one-stop food ingredient service provider, Lehe Food Group, announced that it has scored 400 million yuan in its Series C financing round, which was jointly led by Meituan Dianping and CDH Investment. Existing investor Hezhi Capital also participated.

Lehe will mainly use the proceeds from the Series C round for the landing of partners nationwide, continuous investment in talents, the upgrade and iteration of the food supply chain management system, the upgrade and improvement of the cold chain infrastructure, and the presence in the relevant industrial chain.

Established in 2006, Lehe is a provider of professional agricultural products distribution and supply chain management services. The company engages in a wide range of agricultural products operation and management services including products processing, farm management, agricultural information consulting and online product retail, providing standardized and professional supply chain management solutions for the domestic agriculture industry in China.

In addition to launching food supply services in more than 100 cities across China, Lehe is currently accelerating its layout in the country at a rate of 10 new cities per month, promoting the establishment of joint venture companies with selected like-minded city partners in each city to improve the current status of China’s food distribution industry.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/14/lehe-food-group-closes-rmb400m-series-c-round-led-by-meituan-dianping-and-cdh-investment/.

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