Baijia Food completes RMB110m Series A financing led by Cowin Capital

Baijia Food completed a 110 million yuan Series A round of financing, led by Cowin Capital, with participation from Qianhai FoF and Befor Capital. The proceeds will be mainly used to increase its current production capacity, expand offline sales and online direct supply business.

Baijia Food completed a 110 million yuan Series A round of financing, led by Cowin Capital, with participation from Qianhai FoF and Befor Capital. The proceeds will be mainly used to increase its current production capacity, expand offline sales and online direct supply business.

Baijia Food has a history of 20 years and is a representative company of new instant food in China. It owns well-known brands such as “Akuan”, “Baijia Chenji” and “Sichuan Flavor Kitchen”. The company’s products includes traditional and new instant foods, as well as compound seasoning and more.

Chen Zhaohui, chairman and president of Baijia Food said, “Based on the strategic plan to enter the capital market, we restructured the company. At the same time, we decided to launch a Series A financing round in 2018 to accelerate the company’s development with the help of capital market forces. “

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/baijia-food-completes-rmb110m-series-a-financing-led-by-cowin-capital/.

Leave a Reply

Please Login to Comment