Venture Capital

Idg Leads $43M Round In Chinese Fresh Produce Supermarket Letus Legend – China Money Network

by posted 1year ago 94 views
Letus Legend, a Hefei city, Anhui Province-based fresh produce chain supermarket operator, today announced that it has raised a RMB300 million (US$43 million) series B round of financing led by IDG Capital. BA Capital and existing investor Sequoia Capital China also participated in this round, which brings the company valuation to RMB3 billion (US$433 million), according to a statement of IDG. Founded in 2015, Letus Legend provides fresh food and kitchen supplies through its brand Shengxian Chuanqi, which often locate near residential communities.

In this article