Sunshine Insurance and SF Express-backed fresh produce distributor Hongjiu Fruit has raised $71.1m in a round led by CMC Capital.
Hongjiu Fruit, a China-based fruit and vegetable supply chain operator that counts insurer Sunshine Insurance as a backer, has raised RMB500m ($71.1m) in series C funding, DealStreetAsia reported yesterday.
The round was led by private equity and venture capital firm CMC Capital and it follows a $71.4m series A round in December 2018 featuring Sunshine Insurance, China Merchants Capital and Shenzhen Capital Group, according to business data provider Tianyancha.
Hongjiu sources fresh produce from international markets for distribution within China,…
