Beijing-based Chinese group discount platform Meituan.com has raised US$300 million in series C financing led by global growth private equity firm General Atlantic, according to Chinese media reports.
The investment has not been confirmed by Meituan.com.
Meituan.com received US$12 million series A financing from Sequoia Capital in 2010. It received US$50 million series B from Alibaba and Sequoia in 2011.
Founded in 2010, Meituan.com is contemplating a U.S. IPO this year, media reports said earlier this week.
The deal follows General Atlantic’s US$150 million investment in Chinese beauty products e-commerce firm Jumei International Holding Ltd., just one week before the company’s U.S. IPO.