The grocery e-commerce platform is set to raise the cash in a Tencent-backed series C-plus round, just weeks after it reportedly lined up $300m in series C financing.
China-based online grocer Xingsheng Youxuan is approaching the close of an $800m series C-plus round that already includes internet group Tencent, 36Kr reported today,
Investment firm KKR is set to lead the round at a $4bn post-money valuation, with Sequoia Capital China, Capital Today, Tianyi Capital, Zhongding Capital and China Renaissance’s Huaxing New Economy Fund also participating.
Xingsheng Youxuan runs an online platform selling food and household goods through a group buying model that enables discounts for shoppers who work…
