Fantuan Raises $40 Million Series C Round, Led by E-Commerce Platform GrubMarket
Summary
VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ - Fantuan, the Asian food delivery and life service platform has closed a $40 million Series C funding round. VisionPlus Capital, JSD Capital, and other backers from North America and China also participated in this round.This funding round makes Fantuan the only ethnic food delivery platform to secure substantial funding in the post-pandemic era.Established in Vancouver, Canada, in 2014, Fantuan has expanded its reach to over 50 cities in Canada, the United States, Australia, and the United Kingdom. Lus extensive experience with leading Chinese tech giants such as Qunar.com and Didi marks Fantuans strategic expansion into diversified business ventures beyond food delivery. With the teams strong operation and execution, we believe Fantuan will maintain its leadership position in the Asian food delivery sector and achieve even greater success in more countries and business categories. Fantuans cutting-edge technology closely connects business owners with customers and provides convenient, innovative, and efficient services to make peoples lives easier.For more information, please visit www.fantuan.ca.