Womai rings up $220m in confirmed series C

Oct 23, 2015 • Robert Lavine

The online grocer, which reports originally stated had raised $200m, has closed a $220m round backed by Taikang Life Insurance and Baidu.

China-based Womai.com has confirmed a $220m series C round led by Taikang Life Insurance Company, China Money Network reported today.

Reports last week stated the round, which also included internet company Baidu and two undisclosed China-based private equity firms, was sized at $200m, but they appear to have been made prematurely. Baidu invested $20m in the round, according to specialist online news site Fruitnet.

Founded by the state-owned China’s National Cereals, Oils and Foodstuffs Corporation (COFCO) in 2009, Womai…

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