SoftBank and TPG's venture capital partnership has supplied an eight-figure dollar amount of series B2 funding to food retail management platform Shiheng.
China-based food retail services provider Shiheng received an eight-figure dollar sum from TPG-SV China Ventures, the joint investment venture formed by telecommunications firm SoftBank and private equity group TPG, on Monday.
The capital was provided in the form of series B2 funding, and Evering Capital was financial adviser for the deal, which valued the company at RMB1bn ($148m), it said.
Founded in 2017, Shiheng operates a big data-powered online food and beverage management platform that helps restaurants and brands design…
