Xinfadi Zhangxian closes tens of millions of yuan angel round

Fresh food e-commerce platform, Xinfadi Zhangxian recently announce the completion of its angel round financing worth tens of millions of yuan.

Fresh food e-commerce platform, Xinfadi Zhangxian recently announce the completion of its angel round financing worth tens of millions of yuan.

The founder Yan Ming said that this round of funds would be mainly used for product development and upgrade, marketing promotion, and talent employment.

Xinfadi Zhangxian was established in February 2020, serving local fresh food community stores in Beijing and the mass consumers online. The platform is backed up by Xinfadi market, a leading agricultural wholesale market in China, and has reached a strategic cooperation with SF Logistics.

Xinfadi Zhangxian and SF Logistics have recently agreed to jointly build a leading smart agricultural wholesale platform in China and upgrade the whole chains of the traditional agricultural wholesale market.

During the COVID-19 epidemic in Beijing, Xinfadi Zhangxian focused on the B-end customers, with per-transaction fees reaching around 800 to 1000 yuan. Currently, there are 500 stores settled in Xinfadi Zhangxian for retail, meaning four to five stores in every three to five kilometers.

Yan Ming said that in the future, Xinfadi Zhangxian would continue to focus on the B-end market, while exploring the C-end market, and accelerating the pace of building smart agricultural wholesales.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/19/xinfadi-zhangxian-closes-tens-of-millions-of-yuan-angel-round/.

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