Fosun Xingyuan Innovation Fund, reportedly an existing investor, helped the processed food provider secure $15.3m.
China-based processed food and seasonings producer Wangjiadu Foods has raised RMB100m ($15.3m) in a series A round featuring diversified conglomerate Fosun’s Xingyuan Innovation Fund, DealStreetAsia has reported.
The round included food and catering-focused venture capital firm Fanqie Capital. Both participants were described as existing investors by DealStreetAsia, though it did not provide details of the company’s earlier funding.
Wangjiadu’s products include braised pork, sausages and hotpot seasoning, and it sells its products in supermarkets and local stores as well as…
