The prepared food industry is expected to become the next promising market in the next 3 to 5 years
Chinese prepared meals Frozen Dock (Chinese: 冻品码头) has completed a Series A funding of tens of millions of CNY, exclusively invested by Yuan Kun Venture Capital. Dark Horse (300688:SZ) served as the financial advisor.
Chen Tao, the founder of the company, said that the proceedings would be used for cold chain warehouse construction, IT system investment, supply chain improvement, market and channel expansion, and talent hiring.
Founded in 2018, this Fujian-based brand is specializing in the B-side pre-prepared food supply chain integration. It has received an angel round of funding from Galaxy Ventures at its inception.
Dark Horse regarded Frozen Dock as another success case for its investment. It is predicted that the prepared food industry is expected to become the next promising market in the next 3 to 5 years, among which the B-side market accounts for around 80% of the market. “We look forward to seeing more achievements from Frozen Dock,” said the FA.
Pre-prepared foods serve as a quick alternative to homemade dishes without losing the authentic flavors, making them ideal choices for the special occasion, especially among young consumers. These ready-to-eat meals are supposed to have growth potential as they are easy to store and will save time for city dwellers who have fast-paced lives.