Zhaoshicai closes RMB80m Series A & Series A+ by Qingsong Fund and 01 VC

Professional pre-cooked food R&D and supply chain platform Zhaoshicai (“Looking for food ingredients”) announced that it has received a total of 80 million yuan from the Series A round and Series A+ round of financing invested by Qingsong Fund and 01 VC.

Professional pre-cooked food R&D and supply chain platform Zhaoshicai (“Looking for food ingredients”) announced that it has received a total of 80 million yuan from the Series A round and Series A+ round of financing invested by Qingsong Fund and 01 VC.

The proceeds will mainly be used for the expansion of the sales network, the construction of upstream R&D ecology, the reinforcement of product technology and the team building.

Zhaoshicai has secured more than 100 million yuan investment within a year, in addition to the 30 million yuan angel round investment from Galaxy Capital in September 2019.

Zhaoshicai was established in 2019, and focuses on the “supply chain + R&D” ecology. The company is committed to providing one-stop supply chain services for upstream and downstream merchants in the pre-cooked food industry.

Only one year after its inception, Zhaoshicai has provided services to more than 500 suppliers, with a monthly GMV of over 70 million yuan.

At present, Zhaoshicai already has one food R&D center, 3 proprietary brands, and 2600 popular products; it has established 6 city-level stations across China, covering 102 counties in the country, serving over 8,000 food ingredients distributors with its 60,000 ㎡ warehouse center.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/zhaoshicai-closes-rmb80m-series-a-series-a-by-qingsong-fund-and-01-vc/.

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