Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

FreshBuddy Completes Its Series B Financing of USD 100 Million
FreshBuddy Completes Its Series B Financing of USD 100 Million
Associated Company
MissFresh MissFresh

Dec 11, 2018 /EqualOcean/ - FreshBuddy (Mei Ri Yi Tao, 每日一淘), the social e-commerce invested and internally incubated by MissFresh, announced to complete its Series B financing of $100 million at the end of November.

This round of financing was led by Genesis Capital (元生资本), SIG participated in the joint investment, followed by DCM, Vision Plus Capital (元璟资本). China Renaissance acted as the exclusive financial advisor for this round of financing.

FreshBuddy officially claimed that this round financing will be used for the integration and upgrading of its related industry chain: in the upstream, FreshBuddy will continue to enhance its supply chain in order to expand the product categories; in the downstream, FreshBuddy will accelerate the construction of regional logistics centers, to further improve the user experience.

FreshBuddy was firstly launched on April 28, 2018, and had obtained totally three rounds of financing: Angel Round in April from Chuchujie.com; Series A in July from DCM, SIG, Welight Capital, with a funding amount of USD 30 million. So far, the total funding amount raised to more than USD 130 million. EqualOcean estimates the valuation of FreshBuddy will soon reach the level of Unicorns (USD 1 billion).

As to the business model, FreshBuddy is similar to Pinduoduo, wants to meet the needs of consumption upgrade in tier 3-5 cities in China, with its S2S (share to shop) model. Consumers could find attractive discounts on FreshBuddy which needs to be shared with friends before closing the deals. Furthermore, stem from MissFresh, products on Freshbuddy are mainly fresh produce, however, the product categories are believed to be expanded in the future, which might not be a must for MissFresh itself.

Refresh this page later today for further information.

- Author: ZHANG Fan; Write to ZHANG Fan at ZhangFan@EqualOcean.com

Enterprise Information

MissFresh is an e-commerce platform selling fresh groceries.
CATEGORIES: Retail
Last Funding Type
Strategic Investment
Number of Employees
>3000
Number of Funding Rounds
8
Total Funding Amount
866.00M

Enterprise Information

MissFresh
MissFresh is an e-commerce platform selling fresh groceries.
CATEGORIES: Retail
Last Funding Type
Strategic Investment
Number of Employees
>3000
Number of Funding Rounds
8
Total Funding Amount
866.00M

Reach the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Artificial Intelligence: Trends and Startups 2019
Next Global Tech 50

Artificial Intelligence: Trends and Startups 2019

Smart Manufacturing: Trends and Startups 2019
Next Global Tech 50

Smart Manufacturing: Trends and Startups 2019

Automotive and Mobility: Trends and Startups 2019
Next Global Tech 50

Automotive and Mobility: Trends and Startups 2019

Any Question

EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.

We strive to make technology inclusive, accessible and transparent.

Join over 70,000 of your peers