Koubei books a place in Meiweibuyongdeng investor base
Summary
Meiweibuyongdeng raised an undisclosed amount in a series C+ round led by Alibaba’s Koubei and Zhongzhi Capital. The funding valued the restaurant booking app developer at RMB3bn, or about $433m. The company’s app helps restaurants manage queues and bookings and has been adopted by about 60,000 restaurants across 200 Chinese cities. The platform has also reached more than 10 million downloads and built a large WeChat audience. This financing signals continued investor interest in restaurant operations software and local services platforms.
Funding
Amount
None
Total raised
Date
January 10, 2017
Announcement date
Investors
Baidu Baizhong, DAMO Academy, Tiantu Capital, Dianping, Koubei
Lead investors
Company
-
Funded company
Classifications
industries
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applications
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AskAI Classifications
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