Restaurant chain Ajisen provided $60m of the cash, and the online food ordering company secured the rest from Hina Group.
Baidu Waimai, the China-based online food ordering service launched by internet company Baidu, has raised $70m in a round led by restaurant chain Ajisen (China) Holdings China Money Network reported today.
Ajisen provided $60m through its Ajisen Investments subsidiary, and private equity firm Hina Group invested the other $10m.
The two have jointly acquired a stake in Baidu Waimai sized at less than 10% in the transaction, according to a regulatory filing.
