1Mxian concocts $15m pre-series B

Dec 2, 2015 • Thierry Heles

The grocery delivery startup has secured funding from Beijing Kunlun Technology, which develops and publishes online games.

China-based fresh produce delivery service 1Mxian has closed $15m in pre-series B funding from web game producer Beijing Kunlun Technology, China Money Network reported today.

Kunlun has received a 15% stake in 1Mxian in return for its investment, valuing the company at $100m. 1Mxian has not revealed details concerning previous funding rounds.

Founded in November 2014, 1Mxian operates a smartphone app that enables users to order fresh groceries for delivery. The service currently covers 11 cities across China.

The company’s…

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