SAIF Partners Lead $14.6M Series A In Lamahui.Com

By | 15 August 2014 — 10:23 HKT

Hangzhou city, Zhejiang province-based baby supplies e-commerce platform has received RMB90 million (US$14.6 million) series A financing from SAIF Partners, DT Capital and TRVC, according to Chinese news report.

Another Hangzhou-based maternal and infant supplies e-commerce site also received RMB150 million (US$24.3 million) series A financing from IDG Capital and Banyan Capital.

Founded in 2011, Lamahui offers 72-hour flash sales in mother and infant supplies.

Venture investors have been betting big on China's maternity and baby sector lately. Last month, Shenzhen-based mommy communication platform Lmbang received US$20 million series B financing from Greenwoods Asset Management Limited, Morningside Ventures, Matrix Partners and K2 Ventures.

In addition, Fujian province-based, another similar platform, also reportedly received tens of million RMB series A financing.

In May, Beijing-based diaper and baby formula e-commerce platform received US$20 million series B financing led by Sequoia Capital.

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