Nokia Growth Partners, alongside existing investor Kleiner Perkins Caufield & Byers, has invested $10m in a series B round of funding raised by China-based online food ordering company Meican. Food-delivery companies are growing in popularity across Asia, especially in China, as the number of internet users increases and a burgeoning middle class with disposable income turns to ordering food online.
Nokia Growth Partners, the corporate venturing unit of mobile phone and telecommunications group Nokia, has invested in China-based online food ordering company Meican.
Nokia Growth Partners invested alongside existing private equity investor Kleiner Perkins Caufield & Byers in a $10m in a series B round of funding. Details of the earlier round have not been made publi, but Chinese angel investor Xu Xiaoping joined KCPB in the series A, acording to a press brief on Nokia Growth Partners’ website .
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