The online food retailer has raised an amount it claims is higher than the $220m secured by rival Womai last year, in a round co-led by Alibaba.
China-based online grocer Yiguo has raised an undisclosed amount of funding after closing a funding round co-led by e-commerce firm Alibaba and investment firm KKR, Fresh Fruit Portal reported on Monday.
Although Yiguo has not disclosed the amount raised in the round a spokesperson claimed it represents “the largest received to date for any round of financing in e-commerce for fresh produce,” and was bigger than the $220m series C round closed by Womai.com in October 2015.
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