Consumer Staples Jul 15, 2021 01:56 PM (GMT+8) · EqualOcean
On July 15, yiou learned that the innovative catering chain company Wuye noodles has recently completed a + round of investment. This round of financing is led by hillhood venture capital, which is also the first time for hillhood venture capital to invest in catering brands. Wuye said that the amount of this round of financing will be used to accelerate the strengthening of the supply chain system, accelerate the construction of self owned factories, iterate the information intelligent system, build the domestic top operation team and accelerate the layout of the national store network. The investor of this round, Hillhead venture capital, said that under the leadership of the founder, the team of Wuye noodle dressing used scientific and technological tools to establish a digital system, brought standardized experience to users through leading information management system and refined operation, and improved the operation efficiency of the store. With fast iteration ability and super execution, Wuye noodle store has achieved rapid growth in just three years. Prior to this, on June 24, Wuye noodles announced the completion of round a financing of 300 million yuan, which is the largest round a financing in the catering industry so far. According to the founder of Wuye noodles, after the round a financing, they are expanding rapidly across the country, and are expected to break through 1500 stores by the end of the year. At that time, Wuye noodles will become the number one brand in the number of stores of Chinese noodle brands. According to its forecast, in 2023, the number of Wuye noodle stores in China is expected to exceed 7000.